Repossessed Property Sales on the Rise

repossessed-propertyIn 2014 the number of repossessed properties bought in Spain increased by 103% compared to the previous year from €3.2 billion to €6.5 billion until the end of 2014. Across Europe sales of repossessed properties increased on average by 132% bringing the total to a staggering €49.2 billion euros.

Meanwhile inheritance tax on homes in the Balearics has been cut between 25% and 75%, this is very likely to attract investors and buyers who choose to avoid leaving their loved ones with massive inheritance bills to pay when they pass away. Search for repossessed property in the Balearics.