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

Spanish Homes

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

Man dies after an accident between a car and a motorcycle near Torremendo

Torremendo Reservoir Lake

According to the Generalitat’s (Catalan Government) Emergency Information and Coordination Centre (CICU), a 29-year-old man lost his life in a car-motorcycle collision on the CV-925 highway yesterday Sunday, 30th March, close to the Pedrera reservoir near Torremendo.

After receiving information of the fatal accident, which happened at around midday, the CICU called in an ambulance and a medical helicopter from the Emergency Medical Service (SAMU).

Advanced cardiac resuscitation and other stabilisation procedures have been used by the medical team to help the young man, but there has been no reaction, and his death has been confirmed.


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Costa Blanca

Eleven years sought for woman counterfeiting 500€ notes

200 500 euro note

According to the High Court of Justice, a woman suspected of forging currency has been summoned to trial by Section XI of the Provincial Court, located in Elche, this Thursday, 3rd April. She is seeking an eleven-year prison sentence for the offence.

Elche Courts JUZGADOS DE ELCHE 01
Copyright: Derek Appleton

The public prosecutor’s summary of events states that a bank filed the complaint against the woman in 2020 after it was found that workers had detected the deposit of counterfeit banknotes totalling €500 into multiple ATMs of a company from a bank account. Businesses that handle a lot of cash frequently deposit huge sums of money through ATMs, particularly on weekends.

A woman was recognised as a suspect after the National Police launched an inquiry. The investigation found that she established a shell company. She was able to open a checking account with the bank using the company’s details. After that, the woman took money out of certain ATMs and deposited money at others. The bills she got were clearly authentic, whereas the deposits were fake. The case filing doesn’t explain where these bills came from.


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Costa Blanca

New Hotspot for Motorhomes in Elche

Campervans Motorhomes Motor Home Camper Van

There have been complaints in several areas of Elche due to the new hotspot of caravan and motorhome spread, which is illegal in the municipality. Events like Easter Monday and the Casa de Andalucía April Fair are conducted on certain days, however the Elche Local Police deny that there is a settlement in the El Pantano de Elche area. This week, a large congregation of these vehicles was found in the region, which is situated in a protected natural environment, even though officials do not recognise the formation of the location as a repeating destination for this type of overnight stay. There were occasionally as many as thirty of these trucks in the vicinity.

In the city, this phenomenon is not new. The presence of these kinds of cars has prompted the authorities to evacuate tourist settlements, primarily Europeans, in various locations, such as Cape Santa Pola, close to Arenales del Sol, the beaches of El Pinet and La Marina, or even in urban parking lots like the one on Avenida de Santa Pola.

Tourists from Denmark and France in the region

The majority of the caravans found in the El Pantano de Elche Recreation Area are Dutch, however some visitors are French.

Locals who walk there often report that the tourists are courteous and aware of their environment. Although there are no obvious signs of rubbish or filth in the region, it is always unclear where their personal rubbish goes.

In addition to keeping them company, some young ladies who frequent the area on a daily basis emphasise that the presence of these tourists gives them a sense of security because they are respectful and typically travel with their families, occasionally bringing kids or pets.

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Inadequity of space for this kind of tourism

Tourists arrive at the spot directed by caravan tourism apps and user recommendations, despite the police’s insistence that this is not a regular settlement. The pleasant weather and the natural beauty of the area around the reservoir draw them in.

This week, there were instances when over thirty cars were parked, and some visitors stayed overnight and even ordered food delivery from services like Glovo. There’s also breakfast.

There isn’t enough parking in Spain as a result of the rise in RV and camper travel. The majority of these services are private and run by businesses that supply energy resources and bathrooms; camping and overnight stays outside of approved places are forbidden in Elche.

However, locals in La Marina and other parts of Elche have voiced their unhappiness, claiming that because tourists do not spend money at local eateries or businesses, this kind of tourism has no effect on the local economy.

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