Cheap Distressed Spain Luxury Properties and Investments

Looking for distressed properties can be a smart investment strategy, especially if you're interested in flipping, wholesaling, or buying below market value.

Luxury properties in Spain purchased in sought-after areas can appreciate in value as part of a natural capital appreciation, even if not using the real estate as an investment tool.

Spain remains popular long term due to the fundamentals of climate, life style and tourism popularity. Sandy beaches, low dunes and humid areas are varied by rocks, steep coasts and very dry zones is what the mind brings to the fore when thinking of Spain. The impressive northern and central areas, crossed by high mountain chains run through out the edge of the sea the capes of La Nao and of San Antonio are located.

The southern part of the Costa Blanca is on the other hand an area of plains and hills floated by the river the Segura that flows in to the sea in the middle of dunes and low cliffs. This Costa runs from Denia to Pilar de la Horadada with its Capital Alicante and is one of the most important destinations of Europe.

Thanks to the landscape, the infra-structure, the beautiful cities and the friendly people the Costa Del Sol has very crowded activities for tourists with all the facilities.

The Spanish mainland is bordered by the Mediterranean Sea to the south and east, by the Cantabric Sea that includes the Bay of Biscay to the north, and by the Atlantic Ocean and Spain to the west. Spanish territory also includes the Balearic Islands in the Mediterranean and the Canary Islands off the African coast. It shares land borders with Spain, France, Andorra, the British colony of Gibraltar, and Morocco. It is the largest of the three sovereign states that make up the Iberian Peninsula — the others being Spain and Andorra. With an area of 504,030 km² is the second largest country in Western Europe (behind France).

Spain is a constitutional monarchy organised as a parliamentary democracy, and has been a member of the European Union since 1986. It is a developed country with the ninth largest economy in the world and fifth largest in the EU.

There are many places to find distressed or foreclosed properties in Spain, for examples you can ask a real estate agent to filter for foreclosures or bank-owned (REO) properties.

Investors can also refer to the local County Courthouse or Public Records and search for public notices of default, tax liens, and foreclosure sales.

Working with Property Agents or Realtors who specialize in distressed properties, foreclosures and short sales can be useful as well as keeping an eye out for expired listings or properties sitting too long on the market.

Drive around neighborhoods looking for vacant houses and you may find cheap distressed Spain property for sale with broken windows, or deferred maintenance and work with probate attorneys, property managers, and bankruptcy lawyers who they often know of distressed assets.

FEATURED Spain LISTING Location : Orihuela, Alicante Property Type: Villa Property Terms: For Sale Local Currency Price: Price in USD: $310,000 Share this property: