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Spanish Property - Banks Property BargainsWhilst some argue it is still too soon to call the bottom of the Spanish property market, others say the market is coming back to life because banks are dumping their stocks of property with big discounts. In just 3 days La Caixa – Spain’s largest savings bank – has sold 35 flats in Pamplona offering discounts of 25% , reveals an article in today’s La Vanguardia. “Not even in the best of times before the crisis did this happen to me, selling homes like hotcakes,” an agent responsible for La Caixa’s sales in the region told La Vanguardia. And during the ‘low cost’ property exhibition in Madrid last week, La Caixa’s property division sold 120 flats out of a promotion of 140 in Vallecas (Madrid), to make a total of 400 homes sold in 2 weeks. View the whole article at Spanish Property Insight |
