Here at Gatehouse International Portugal, we have a number of exclusive bank-owned or “repossessed” properties for sale in the Algarve region. These bank repossessions in Portugal can offer you a more affordable buying option for your property choice. We have an office in Almancil, close to Loule which is open to visitors if you wish to discuss purchasing repossessed property in person.
A repossessed property is just as safe to buy as any other property for sale in Portugal. It can in fact, represent even greater value for money than a lot of properties. This is because the banks are keen to sell these houses quickly & often price them below market value in order to speed up the process. The buying procedure for bank-owned & repossessed property in Portugal is no different to buying normally.
A selection of the best value repossessed property for sale in Portugal is shown below…
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