The Latest Spanish Property News from Kyero.com

Christmas will come early to the overseas property market when hugely discounted Spanish properties come under the gavel on Sunday 13th December 2009 at the A Place in the Sun Spanish Property Auction.

The auction, which will take place at London’s Radisson SAS Portman Hotel W1, will see around 60 lots of key-ready properties on the Costa Blanca, Costa del Sol and Costa Calida brought to market at discounted prices up to 50% and in some cases with no reserve price at all.

APITS Ltd, publisher of A Place in the Sun magazine, aplaceinthesun.com and organiser of A Place in the Sun Live, will partner with UK auction house Barnett Ross to present a range of property types to attract UK buyers back into the market. The company believes the auction will stimulate the Spanish property market in the UK and draw attention to competitively priced property in Spain and the rest of the world.

Amanda Lamb, presenter of Channel 4s A Place in the Sun TV series said: When I was at A Place in the Sun Live at the NEC earlier this month it felt like people were wanting to re-enter the overseas property market. The A Place in the Sun Spanish property auction will be a great opportunity for buyers to pick up some amazing bargains and with some properties coming on with no reserve price, it should be a really exciting day!

Agents have been invited to submit properties on behalf of developers with strict selection criteria to ensure buyers get a genuine bargain in a development that is completed. In addition, most of the properties are within 40 minutes of an airport and minutes from a beach. A hardcopy and online catalogue will launch on 16th November to give buyers four weeks in which to view the legal packs and visit the properties prior to auction.

Order a catalogue or register your interest with A Place in the Sun

Download a pdf copy of the catalogue (7MB)

Is any property below €50,000 a cheap Spanish property? Are cheap Spanish properties only to be found at auction or as bank repossessions? How much below market value does a Spanish property need to be to be considered cheap?