As we all know the current world economic crisis is hitting property prices everywhere and Spain is no exception. Property prices in Spain have fallen over the last eighteen months and have probably reached their lowest level in recent history and will not see any sort of recover in 2009.
Spain's economic crisis has forced many homeowners and business people to hand their keys back to the bank as they are no longer able to meet their mortgage commitments. While this is a sad fact in todays market it does present a fantastic opportunity for those who are in a position to buy now (with or without a mortgage).
We are now in a position to present thousands of properties throughout all regions of Spain but with the majority being along the south coast. The properties that are listed on this site come under the control of Spain's major banks and are classified as distressed or repossessed properties.