Foreclosed homes revolutionize the real estate market

November 12, 2010 at 4:41 pm Leave a comment

Thousands of flats seized by financial institutions have gained strength in the large real estate trade fairs with fair prices and have become the most attractive of the moment, both for house hunters to the seeking business.

There are predictions which say that banks will begin to dominate the real estate market over the next few years.

There are an estimated 70 000-100 000 foreclosed homes in Spain and some experts say that the number might triple by 2011.

Three types of buyers are interested in foreclosed homes: families, who want to access your first home or change the current home, young people looking for their first home, and investors (small and large, domestic and foreign).

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Entry filed under: News, Real estate. Tags: , , , , , .

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