Banks under pressure to reduce prices on unsold properties in Spain

The Spanish property market has been recoverying slowly over the last year, prices have stabilised and in some areas are showing increases. However recent reports suggest that the country still faces a large backlog of unsold property, banks still own homes from struggling developers and repossessions.

In an effort to reduce bank’s real estate exposure the Bank of Spain has  reportedly from the beginning of this month (October) put lenders under pressure to reduce the number of properties they presently own, banks therefore may be forced this Autumn to slash the prices of these unsold or repossessed homes.

British buyers are historically the largest group of foreign buyers, whether this will continue is to be seen, the biggest impact on the numbers of British buyers so far this year has been Brexit and the weakening of the pound, the strength of buying and that of the pound go hand in hand.

 

Allen Walkey

Highly experienced businessman with a successful career in property sales and investment both in the UK and abroad. Now a freelance writer and blogger for the property and Investment Industry, keeping readers up-to-date with changes and events in a rapidly changing world.

You May Also Enjoy

Breaking News

Energy Rules Without Power: Tenants and Landlords Both Question EPC Impact

New research from LRG reveals that both landlords and tenants are struggling to engage with the Energy Performance Certificate (EPC) system, raising serious questions about whether it can deliver on its intended goals ahead of the government’s 2030 targets. While landlords overwhelmingly support the principle of improving energy efficiency, confidence in the system designed to…
Read More
New Builds 2020
Breaking News

New Build Home Enquiries Double in Summer 2025 

From June to August 2025, Compare My Move’s conveyancing data shows a 120% increase in new build home purchase enquiries compared to the same period in 2024.  This surge reflects not only more people looking to buy homes overall but also a higher share of buyers choosing new builds. On average, 12% of purchase enquiries in…
Read More
Breaking News

Residential Performance Dives, Dragging Entire Sector Down

Glenigan Review sees UK construction recovery put on pause as private housebuilding activity plummets Project starts decline by 22% during the Review period, 36% down compared to 2024 levels Main contract awards value slashed by 33% year-on-year, representing a 24% decrease relative to the prior three-month period Planning approvals nosedived 48% against the previous three…
Read More
Letting Agent Talk

80% of maintenance calls happen out-of-hours

60% of landlords do not have out-of-hours management cover, despite 80% of maintenance calls coming out-of-hours The latest research by Adiuvo reveals the UK’s leading provider of 24/7 property management solutions, reveals that almost 60% of UK landlords do not have out-of-hours cover in place for maintenance, management, or emergencies. Adiuvo’s surveyed UK landlords* to…
Read More
Estate Agent Talk

Majority of agents don’t believe portal price hikes are justified with added value

New research from The Property DriveBuy reveals that the majority of UK estate agents think that the price hikes implemented by property portals such as Rightmove in recent years are unreasonably high, with most also believing they are unjustified when it comes to the value these portals have added to their proposition. The survey of…
Read More
Breaking News

Biggest property put-offs revealed by homebuyers

Biggest property put-offs could see homebuyers offer £40k less or more – From flying flags to aggressive dog breeds The latest research from Springbok Properties has revealed the biggest property put-offs that could see buyers offer as much as £40,000 less, if not more, leaving many sellers struggling to achieve their asking price in the…
Read More