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More than 300 properties are up for auction by Social Security, some for less than 10,000 euros

Spanish Homes Torrevieja

Social Security has launched a new auction offering more than 300 properties dispersed around Spain . Among the available properties you can discover apartments, houses and land at extremely low costs , which represents an attractive option both for people looking for economical living and for those interested in investing in the real estate market . Some of these properties have starting prices below 10,000 euros , making them an attractive alternative to traditional purchases or offers from banks and real estate funds.

These properties arise from seizures performed by the General Treasury of Social Security , often from firms or individuals with outstanding obligations. For their award, a public auction process is carried out in which any person with legal ability can participate, either alone or through a representative.

The Social Security website offers interested parties a comprehensive list of all available homes, including each one’s location, features, and beginning price. You may obtain more specific information about each property and filter the possibilities by province within the portal.

See the searchable website here https://w6.seg-social.es/subastas/SubaSeControladorInter?opcion=6&avanzada=1

Furthermore, as auctions are open to the public, anyone who satisfies the conditions can attend and place a bid. Although it’s crucial to understand the procedure before taking part, it’s a chance to purchase goods for less than their market value.

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Conditions for taking part in the auction


Interested people must attend the public event where the bidding will take place and produce a legitimate form of identification, such as a passport or national identity card, in order to participate in the auction. A deposit must also be made in advance as a guarantee for the bid that is made.

The type of offer determines the deposit amount:

A deposit equal to 25% of the starting price will be required if you join in a sealed envelope.
The deposit is equal to 30% of the beginning price if the offer is made orally.
Unsuccessful bidders will get their deposit back. However, the winner of the auction will forfeit the money that was put if they do not finish paying within five business days.

Rules and warnings for buyers The Social Security auction website has published some warnings that participants should take into account before making a bid: Any prior liens on the property are the responsibility of the buyer : if the property has mortgages or other liens, the new owner will be responsible for settling them. There are two auction rounds : if a property is not awarded in the first auction, a second round will be held in which offers for 50% of the starting value are accepted . The highest bidder wins as long as they exceed 60% of the starting price or cover the outstanding debt with Social Security.

Payment must be completed within five business days of award. If the buyer does not pay the full amount within this period, the deposit will be forfeited. Advantages and risks of buying properties at auction Buying a home or land at a Social Security auction has several advantages : Lower prices than in the traditional real estate market , with unique opportunities for less than 10,000 euros. Possibility of acquiring properties without the need for a mortgage , especially in cases where the starting prices are affordable. Profitable investment for those looking to buy properties to rent or resell. However, there are also risks to consider:

Certain homes can be occupied or have unpaid liens, which could result in eviction-related legal problems.
Since mortgage financing is not permitted at the auction, buyers must have the funds on hand to finish the payment within a few days.
In certain situations, properties might need costly renovations, raising the investment’s overall cost.

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Costa Blanca

Police in Alicante seize 1,300 kilos of cocaine from two trucks

National Police Drugs

Two large vehicles carrying 1,300 kilos of cocaine were intercepted by agents from the Drug and Organised Crime Unit (UDYCO) of the National Police in Alicante. The French Customs and the Central Investigation Office of the Polish Police provided support to the investigation, which was conducted by the Alicante Police Station in collaboration with the Catalonia Headquarters and coordinated by Europol.

According to sources from the investigation, these vehicles were intercepted at a service station in France and in an area near Barcelona after travelling through the province of Alicante. The operation has led to the interception of over one tonne of narcotics that were intended for several European countries.

The events occurred on March 16th when French authorities discovered a large vehicle with Polish registration at a service station in France, en route to Lyon. 800 kilogrammes of cocaine were discovered concealed within aluminium materials during the inspection of this vehicle. The coordination mechanisms between countries were immediately activated through Europol, and the driver was arrested for an alleged offence against public health.

Cooperation was established with the Central Investigation Office of the Police, specifically with the department in Rzeszów, following the discovery of the first vehicle. This collaboration resulted in the discovery of a second truck near Barcelona.

The National Police discovered an additional 500 kilogrammes of cocaine, this time concealed among porcelain construction materials, as a result of their collaboration with the Polish side. The National Police’s Special Security Operations Group (GOES) provided assistance to the investigators in the transportation of the narcotics.

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Currently, the investigation is ongoing, and Europol is coordinating efforts between Spain, France, and Poland to dismantle the criminal organisation that is dedicated to high-level drug trafficking.


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Costa Blanca

Man arrested in Benidorm for exploiting unauthorised immigrants

Police National

The National Police arrested a man in Benidorm on suspicion of violating workers’ rights. The suspect hired undocumented immigrants for construction jobs and then threatened to alert authorities about their condition in order to exploit them.

The police inquiry began after they received information about the potential hiring of illegal immigrants in construction. Following early enquiries, it was determined that numerous nationals were working on a villa construction site in Benidorm, the majority of them without work or residency permits. Apparently, the employer who recruited the workers did not pay them and threatened to denounce them for unlawful employment.

Thus, the investigators’ initial steps concentrated on ascertaining the workers’ working circumstances and validating the identity of the person in charge of the hiring.

During surveillance by National Police personnel, it was discovered that a total of 15 people worked on the building site, ten of them were illegal. The primary person in charge of the project was also recognised.

The main suspect’s tactic consisted of continuing to hire persons who were in Spain illegally to work on the construction site, threatening to report them for their irregular status if they sought a salary.

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Once the suspect’s illicit activity was proven, he was arrested for allegedly violating workers’ rights.

At the time of the arrest, an investigation of the construction site discovered a lack of needed safety equipment. Seven workers were found as working without proper personal protective equipment, putting their physical safety at risk.

Investigators also discovered that the building lacked the required building permit, indicating that it was not authorised to carry out the activity.

The detainee was taken before the Benidorm Investigating Court.

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Costa Blanca

Two men arrested for drug trafficking in Benidorm

Benidorm Drugs Haul

According to police sources Yesterday, Friday 21st March, two men were arrested in Benidorm (Alicante) on suspicion of drug trafficking in a pub in the city’s English district, where they allegedly hid the drugs in fire extinguishers and cisterns in the establishment’s toilets.

During the raid, officers discovered 85 packets MDMA, ecstasy, cocaine, and marijuana. Quique Tortosa, spokeswoman for Benidorm Local Police, said that the drugs were “hidden in fire extinguishers, toilet cisterns,” and under the establishment’s cash register. The arrested persons were allegedly protecting the drugs inside the premises, and officers recovered the cash they were carrying, which appeared to be “the proceeds of sales transactions,” Tortosa explained.

The operation is part of the Benidorm Local Police Response and Prevention Group’s daily inspections of the city’s leisure establishments. Themen have been turned over to the National Police for any required investigations.


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