Comment
Daniel Somolinos Madrid
Luis F. Durán Madrid
Madrid
Madrid
Updated Wednesday, March 6, 2024-00:07
The trend is not new, although it is experiencing a "second youth" lately.
Buying
second-hand homes with squatters inside
has recently become an "investment opportunity", as sold by real estate agencies, since they can be purchased for
between 40 and 60% cheaper
compared to their original price. real value.
More and more ads appear offering this type of property that, in most cases, share a common denominator: the buyer will not have
any photos or videos corresponding to the current state
of the home, so they will have to make the decision to buy it blindly.
A jump without a network that can entail another series of disadvantages.
The main one is that, as soon as you approach the purchase by paying the agreed amount,
you will not be able to settle in the apartment
until the squatting problem is solved.
Hence, when it comes to crunching numbers, many interested parties
have to add up the expenses corresponding to the eviction process
(with rates ranging from 3,000 to 6,000 euros, depending on each case) and, more than likely, allocate another amount to a comprehensive reform since, in these situations, the properties
end up completely devastated.
Furthermore, the buyer may have difficulties when seeking financing since some financial institutions
may be reluctant to grant mortgages
on this type of home due to the associated risk they entail, especially when they cannot enter the home to appraise it.
These types of
opportunities
can be found throughout the region.
One of the cheapest, available for only 33,400 euros, is located in Robledo de Chavela.
"Physical visits to the property are not allowed
," the advertisement warns.
A phrase that is constantly repeated.
In the center of Aranjuez others are advertised for 63,000 euros;
in Parla they are around 68,000 euros;
and
for just over 70,000 they can be found in Getafe, Alcorcón,
Ciempozuelos, Torrejón... For its part, in Rivas the price increases significantly, finding a 100 square meter property in Plaza Blas Infante for 178,000 euros.
Regarding the capital, these types of claims are found, mainly, in the southern area,
highlighting the area of San Cristóbal
.
Only on Godella Street do they appear in pairs, for around 50,000 euros, but also in Lavapiés, on Mesón de Paredes Street, for around 54,000 euros, or in Vallecas, for around 63,000 euros.
Blocks on Godella Street, in San Cristóbal, where several of these squatters are offered.J.
BARBANCHO
And this is another point to take into account when considering buying one of these homes: its surroundings.
Buying it in an enclave where the majority are squat apartments
presents unflattering future prospects
, in addition to the coexistence problems that may arise.
Most of these offers come from individuals,
owners who are fed up with the situation
, of having to continue paying for electricity and water to their residents without the legislation covering them up, and want to get rid of their property to avoid In addition, the costs of vacating.
But you can also find properties
corresponding to banking entities
that have ended up keeping them because their owners were unable to pay the mortgage.
"There are young people, but also investors who allocate their capital in apartments to renovate them and, subsequently, rent them,
with the intention that in the future the area will revalue
," Juan Antonio de Mesa, associate CEO of Fincas Ortiz, tells this newspaper. Madrid, real estate agency specialized in marketing this type of homes.
De Mesa reports that, between this past October and January,
they have sold between 15 and 20 of these properties
with illegal
occupants
monthly .
"Between 60 and 70% of our most economical assets, less than 115,000 euros, are squatted homes or without possession," he concludes, assessing that if for 90,000 euros you get a house that is already free and renovated, this option can become
a Quite interesting alternative.
Other real estate agencies go further and have given this modality a twist by offering
packs
: the property plus all vacancy expenses
included in the same price.
Something that is more attractive to those interested who want to avoid as many procedures and processes as possible.