Is repossessed property cheaper in Spain? This summer the answer is yes, as Solvia launches 600 beachfront flats for sale from 36,000 euros.

Spanish bank repossessions are becoming a popular option for buyers to get a bargain property in Spain this summer. How do I find a bank owned property in Spain? We have the answer, as this summer, the real estate agency Solvia has launched a new campaign to help you which is focused on repossessed property for sale in Spain. The company has launched the campaign 'Tu casa en la playa' (Your house on the beach), offering more than 600 houses for sale on the Spanish coast close to the beach at reasonable prices.

These bank repossession properties in Spain are both new and pre-owned, an are located in the most well-known tourist areas of the Mediterranean, Atlantic and Cantabrian coasts. The objective is to contribute to the reactivation of the holiday home market, offering a portfolio adapted to both individuals and investors. So, if you're searching for bank repossessed villas for sale in southern Spain, on Spain's Costa del Sol, or repossessed houses for sale in Alicante and beyond, read on!

Solvia's repossessed property for sale in Spain campaign consists of 600 residential properties of all types, from repossessed villas in Southern Spain to flats in the north. The properties for sale have an average price of 120,000 euros and an average surface area of 88m2, and are located in large towns and small municipalities on the Spanish coast. Specifically, they include homes located in enclaves of popular tourist and expat areas such as the Costa Dorada, the Costa de Azahar, the Costa Blanca, the Costa de Almería, the Costa del Sol, the Costa de Galicia or the Costa Verde.

The autonomous communities with the highest number of properties within the campaign are the Valencian Community (210), the coastal provinces of Andalusia (130) and Catalonia (90), the Region of Murcia (30) and Asturias (30). However, interesting opportunities can also be found in the coastal regions of Galicia, the Balearic Islands and the Canary Islands.

The provinces with the most properties included in the campaign are Castellón, Almería, Tarragona, Alicante and Málaga. By price, the cheapest locations to buy a holiday home are Almería (70,777 euros), A Coruña (72,650 euros on average), Murcia (85,044 euros) and Castellón (93,419 euros).

Likewise, half of the portfolio of bank repossessions selected by the real estate services firm corresponds to new home developments that are already finished and are ready to move into. These cheap Spanish property repossessions are characterised by their spacious gardens and communal swimming pool. The average price of these properties is around 88,000 euros, and they have an average surface area of 70m2.

The rest of the cheap Spanish property repossessions are pre-owned, have an average surface area of 105m2 and cost an average of 147,500 euros.