Investors flock to Spain as 1,000 apartments are put on the market from €32,000

Share

SPAIN has enticed international property investors after 1,000 apartments across the country have made their way onto the market for a mere starting price of €32,000.

Sareb, the government-owned entity responsible for managing assets transferred by four nationalised Spanish financial institutions, has selected apartments spanning across 160 municipalities and 23 provinces that can be bought to be rented out.

In a campaign to boost the sale of homes for individuals or companies who are interested in investing in the residential rental market, successful buyers must meet one condition – that every apartment purchased under the plan is subsequently leased. 

Launching the welcome initiative, a spokesman for Sareb stated that apartments can be purchased in desirable locations such as Barcelona, Madrid and Valencia, where other regions have also been targeted due to having a high demand for rentals. 

Of the 1,000 apartments up for grabs, 301 are situated in Valencia, 225 are in Barcelona and 159 in Madrid. In addition, 18 homes have already been put on the market in Seville, 17 in Cantabria, 26 in Castellón and 10 in Salamanca.

The cheapest property that has been put up for sale is a modern apartment in Sagunto, which offers 60 square meters of space and can be purchased for the inviting price of €32,600. There are also 89 state-of-the art apartments in Badajoz, each boasting 145 square meters and which are individually priced at €84,000.

1,000 apartments have been put on the market to boost the rental sector. Credit: Sareb.

As Euro Weekly News understands, interested parties should visit www.sareb.es.

Published by
Isha Sesay

Recent Posts

  • News
  • Spain

Spanish Generals Called for Fascist Coup in Leaked WhatsApp Messages

LEAKED WHATSAPP messages exchanged between retired Spanish military leaders have sparked a scandal over their…

46 seconds ago
  • News
  • World News

Once in a lifetime Opportunity to See the “Star of Bethlehem”

DECEMBER will treat people from around the world to the once in a lifetime opportunity…

29 mins ago
  • News
  • UK

Wizz Air Bucks The Trend and Announces New Flights to Spain, Greece, Portugal and Egypt

WIZZ AIR bucks the trend by announcing new flights to Spain, Greece, Portugal and Egypt…

34 mins ago
  • News
  • UK
  • World News

EU Says ‘Dirty Methods’ Used in Brexit Campaign

THE EUROPEAN Union has cited 'dirty methods' used during Britain's Brexit referendum as a motive…

56 mins ago
  • News
  • UK

Thug Choked His Own Mother After being Released from Jail

THE THUG choked his own mother only a week after being released from jail after…

1 hour ago
  • News
  • UK

Bank of England Searches For ‘missing’ £50bn in Banknotes

BANK OF ENGLAND Searches For ‘missing’ £50bn in Banknotes after being told to ‘get a…

1 hour ago