Banesto is the first Spanish Bank to launch a really positive campaign to sell units in city areas at prices of crisis.
Surely there are good bargains and we hope the rest of the Banks will follow the move soon. Banesto has announced to start commercializing today a total of 600 properties in urban areas at half price of the market value.
The first lot of properties is a 50 units package at a price below 50,000 Euros in Andalucia, Castilla la Mancha, Canarias and Comunidad Valenciana. Banesto will launch after that six more lots of 75 properties at prices below 75,000 Euros. The last package is a lot of 120 properties located in Madrid and Barcelona, which prices will be up to 120,000 Euros.
The same Banesto will finance the purchase with favorable conditions for the first three years, according to the website casaktua.com. In this way, the mentioned Bank is taking the lead and trying to reduce its property stock by the end of the year.
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