Spanish bank prepares for property sale

Investors looking to get hold of property in Spain could be encouraged by news that one of the country's largest banks is planning to sell over $2 billion worth of property, land plots, hotels and commercial space.

Bancaja Habitat will be hosting a one-off investment seminar in Dubai next week, which will see the firm host to one of the largest disposals of bank assets.

As a result of the popularity of Spanish property from buyers located in the Middle East, the event is expected to be popular.

To further attract potential buyers, the bank has also announced that it will be releasing some incredible investment opportunities - available to those who attend on the day.

The deals include property discounted by up to 62 per cent.

It follows comments made by Peter Mindenhall, researcher at IPINGlobal.com, who stated that the average Spanish real estate prices will fall further once the country's banks reveal the backlog of distressed property on their books.

Like this? Then share with your friends and colleagues!