Costa Blanca

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

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.

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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Related Topics:Land Market Money National People Province Public Social Spain

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Costa Blanca

Consum announces the opening of new stores in Aldaia, Alaquàs, Sueca, Xàtiva, Massanassa and Torrevieja

Consum expands its operations in the Valencian Community and announces the opening of additional stores in six towns throughout Valencia. The Valencian cooperative’s comprehensive network of supermarkets in the region is further enhanced by these new openings.

New Consum stores are scheduled to open in Valencia in 2025

The following are the new stores that Consum will establish in the towns of Valencia:

Alaquàs

Aldaia

Massanassa

Sueca

Xàtiva

Torrevieja (Alicante)

Three of the stores that were acquired from Kuups last year have enabled the establishment of some of these new supermarkets. These have already been assigned an estimated opening date:

Massanassa (C/ Medi Ambient), which is scheduled to commence operations at the conclusion of May.
Alaquàs (Av. Blasco Ibáñez) and Aldaia (Av. Miguel Hernández) will launch under the Consum brand in the middle of the year.
Consum intends to maintain its pace of establishing 53 new supermarkets in 2025, including 18 of its own stores and 35 Charter stores, as well as to execute 31 renovations and expansions.

In 2024, Consum achieved revenues of €4,707.03 million, a 7.3% increase, and profits of €108.7 million, a 7.5% increase from the previous year. These figures substantiate the business model advocated by the Valencian cooperative, which is founded on price competitiveness, a diverse selection of leading brands without sacrificing the quality of its own brand, and a steadfast dedication to ensuring customer savings through discounts and gift vouchers. More than €62.2 million has been allocated to this initiative.

Antonio Rodríguez Lázaro, the CEO of Consum, stated that “these results are indicative of the dedication of our entire team, the confidence of our customers, and our capacity to adjust to change while maintaining our commitment to sustainability and innovation.”

It maintained its sixth position in the national classification of distribution companies by surface area throughout the year, increasing its market share by 0.1% to 4.7% of the national market. Nielsen reports that its market share by sales in its area of influence is 13.45%.

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Costa Blanca

The El Raso, Guardamar celebrates with a Tapas Route and concerts between May 15th and 17th

The programme for the third edition of the Guardamar del Segura City Council’s festivities has been unveiled in collaboration with the residents’ association of the El Raso Urbanisation, an area that is home to a significant number of international residents.

Between May 15th and 17th, the El Raso Urbanisation will commemorate its festivities with a Tapas Route and concerts. The festivities will take place on Thursday, May 15th and Friday, May 16th, and will feature an International Tapas Route featuring twelve establishments, which is two more than the previous year. María Venerdi, the Councillor for Festivals, has announced that participants will be able to experience tapas and a drink for 3.50 euros. Additionally, participants will have the opportunity to participate in a drawing for a variety of rewards and vote for their preferred tapa on the “Tapaporte.” Last year’s edition saw the sale of over 7,000 tapas, as emphasised by the local organisers.

José Luis Sáez, the mayor of Guardamar, has emphasised the significance of “neighbourhoods becoming increasingly integrated into the dynamics of the municipality,” and he has noted that this event has “consolidated itself and become a great gastronomic celebration for the municipality.”

The city council will also offer a transport service that will travel to all participating venues in order to simplify the process of travelling.

Auditorio del Campo will host a grand celebration on Saturday, May 17th, commencing at 6 p.m. The event will feature a variety of musical groups, including the Costa Blanca Singers, who will serve as the opening act.

The charitable nature of these festivities has been emphasised by the Guardamar councillor for Festivals. The El Raso festival committee has sold T-shirts for the Tapas Route at a price of 10 euros. The proceeds of these sales, in addition to those from the bar service on the 17th, will be donated entirely to charitable causes, including the ‘El Milagro de Ver’ Foundation, which is dedicated to enhancing eye health in developing countries, and to those impacted by DANA in Valencia.

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Costa Blanca

Elche joins the national protests for Palestine on May 10th

Tomorrow, Saturday May 10th, the Elche Palestine Solidarity Committee has scheduled a demonstration in accordance with the national mobilisations under the slogan “Move for Palestine.” The march will commence at 7:00 p.m., and the rally will be held at the Chimeneas de L’Algeps in Elche at 6:30 p.m.

The initiative aims to denounce the situation in Gaza and Palestine as a whole, and to encourage citizens to demonstrate their solidarity and demand genuine action to halt the violence. The Elche Palestine Solidarity Committee extends an invitation to all individuals, irrespective of their gender or age, to participate in this collective demonstration.

As part of a coordinated campaign to increase awareness of the situation in Palestine and demand an end to the violence and occupation, this mobilisation is one of a series of demonstrations that have been organised in various cities throughout Spain.