The Social Security has more than 200 properties up for auction in different parts of Spain. Among them you can find pisos and houses from 30,000 euros They are a good opportunity for those looking to buy a home without spending too much money. Although there are opportunities throughout the country, communities such as Andalusia stand out especially, where there are up to 50 properties, the Community of Madrid with 68, or the Valencian Community with 36.
These homes come from Social Security seizures, and are accessed through an auction in which Any person with legal capacity can participate, either directly or through a representative. However, members of the Executive Collection Unit, appraisers, depositaries and officials involved in the process are excluded.
Latest auctions published by Social Security
Through the Social Security website, which is accessed through this link, you can find information related to all the properties, and when the auction is for each of them.
In the Riaño Industrial Estate, Langreo (Asturias), with a useful area of 65.11 meters there is a house distributed in a hall-hall, bathroom, toilet, kitchen with laundry room, three bedrooms and living-dining room. He appraisal value is 39,455.19 eurosand the minimum sale price is 12,947.29 euros. The auction will take place on February 25, 2025, at 10:00 a.m.
You can also find a house in Virgen del Loreto, La Línea de la Concepción (Cádiz) with 60 meters. The house has a patio and is valued at 30,042.46 euros. The auction will take place on January 22, 2025, at 10:00 a.m.
In Cádiz, specifically in Conil de la Frontera, another house is being auctioned free of charges. This valued at 38,912.72 euros and the auction will be held on January 22, 2025, at 10:00 a.m.
On Avenida Alicante, 26, floor 1, in El Campello (Alicante), a home with a constructed area of 63 meters is auctioned, with cadastral reference 6021403YH2562S0003GS. His appraisal value is 73,782.52 euroswith a minimum disposal price of 60,190.24 euros. The auction will be held on March 26, 2025, at 9:30 a.m.
How to participate in Social Security home auctions
For participate in these Social Security auctions A copy of the DNI, passport or other identification document must be presented at the public event or together with the sealed envelope with the offer.
Furthermore, it will be necessary make a deposit in which, according to the administration on its website, 25% of the starting price will have to be delivered in a sealed envelope or 30% if the offer is verbal, by certified check payable to the General Treasury of Social Security.
They also warn that it will be necessary to have certain key aspects to take into account:
- Previous charges: The successful bidder assumes the charges prior to the Social Security right, which must be registered in a public registry.
- Procedure: Offers can be submitted in a sealed envelope until the day before the auction. During the event, participants will be able to improve their bids by voice.
- Award: The good is awarded to the highest bidder if it exceeds 60% of the starting price or covers the outstanding debt. If no offer exceeds 75%, the debtor can present a third party to improve the bid.
- In the case of goods not awarded, a second auction is held under the same conditions, although lower offers are accepted (from 50% of the starting price).
- If the successful bidder does not complete the payment within five business days, he or she will lose the deposit and must compensate for the damages. The property is transferred with the available titles and the successful bidder can assign his right to third parties within a period of five days.
- In the event of not being awarded the bid, the money given as a deposit may be recovered.