THE General Treasury of Social Security (TGSS) opened an auction of apartments at a modest price. This organ dependent on Ministry of Inclusion, Social Security and Migration has put a large number of properties up for sale starting at a price of 15,000 euros. These homes up for public auction are those that were seized from people who could not make the payments. Check everything you need to know to be able to access the auctions and get a house at a lower price than you can find on the market.
THE General Treasury of Social Security (TGSS) has once again opened a public auction of apartments with prices starting at 15,000 euros. And why? The reason this state agency has the ability to sell apartments at below market price is that these properties are ones that were seized at the time from people who could not afford them. pay. So in this situation, these apartments are put up for sale and if there is a surplus, the amount is returned to their previous owners so that they can repay their debts.
This initiative has been going on for years and today takes on more meaning due to the high price of real estate in our country. The government of Pedro Sanchez still does not know how to deal with the problems of access to housing suffered by millions of Spaniards and thanks to this strategy of TGSS Spaniards will be able to find apartments from 15,000 euros, which is practically impossible in Spain today. Spain. Logically, this is where the auction begins, which will significantly increase the price.
How to participate in the auction?
If you are thinking of buying a house or simply buying a property taking advantage of a good market opportunity, the first thing you should do is go to the official website of Social security and go to auction of seized goods. Within this sale you will be able to choose and filter what you are looking for, with the options of rural property, urban property, vehicle, boat or other personal property at your disposal.
Once all the options have been selected, Social Security will take you to another window in which all the assets seized according to the autonomous communities are specified. At the beginning of October, when numerous auctions were open, the TGSS offered 1,408 seized properties throughout Spain. For example, in the case of Community of Madrid There are a total of 191 or in the Valencian Community an exact number of 160.
For example, if you select MadridYou will see a list of all assets seized in the capital, their starting prices and the date and time when the auction will begin. For example, in the case of Madrid you can find land with a starting price of 6,900 euros or houses in the center of the capital that start at 93,514.22 euros, an amount lower than the market price. If we go to other municipalities, we can find bigger offers like apartments from 15,000 euros or parking spaces for 1,000 euros.
Conditions for accessing TGSS apartment auctions
Anyone can access public auctions of apartments or any type of property seized by the General Treasury of Social Security. To participate in the auction, the first thing you will need to do is present the National identity document or passport. Social Security also imposes the condition of depositing 25% of the starting price of the property, an amount which can be paid by check to the TGSS. If the offer is verbal, a 30% deposit may be paid before the auction begins.
Persons directly linked to the procedure, such as experts, guardians, Administration agents or the former owner of the apartment who has the status of debtor, will not be able to participate in this apartment auction. by the TGSS. Yes, the creditor or executor can participate. In this way, this public auction is a good opportunity for people to obtain housing at a reasonable price and for the debtor to make payments after losing the housing.
