Buying in Spain

Our teams list hundreds of properties each month in locations across Spain, offering an exceptional range of investment opportunities.

Try online bidding for yourself using our demo feature, read our buyer's guide to get an overview of the full process, or browse our FAQs below.

And if you've still got questions, we're here to help.

FAQs: Spain

 

How does the BidX1 process work?

Our digital platform is secure and efficient, combining cutting-edge technology with market-leading property expertise. The BidX1 team have sold thousands of assets through the platform, from houses and apartments to offices, industrial units and development sites, as well as large-scale investment portfolios.

 

When is the next Sale?

If you’d like to be notified about our latest Spanish catalogues, it's a good idea to join our mailing list. You can do so by clicking the 'Sign Up' button at the bottom of every page on our website.

 

How much does it cost to sell a property with BidX1?

Our fees are broken down into an initial entry fee followed by a commission (a percentage of the sale price). Fees vary depending on lot size and property type; this is something that can be further discussed on enquiry. For more information on the benefits of selling with BidX1, or to get in touch with our team about your property, click here. 

 

What kind of properties do you sell?

We sell a broad mix of commercial and residential properties.

 

Can I view a property before the Sale Day?

Yes, viewing times are listed on the relevant property page. Note that to see the full address of a property, you must access the legal documents for that property – simply click on the 'View Legal Pack' button below the property summary.

If you have missed the scheduled viewings or you cannot attend at the listed time, you can check with the Sales Consultant assigned to the property to see if it’s possible to schedule another viewing.

 

Where can I view the legal documents relating to a property?

The legal pack can be downloaded from the relevant property page. Simply click on the 'View Legal Pack' button below the property summary.

Please note that you will need to create a BidX1 Account to access the legal documents. This is free and takes less than two minutes. 

 

Where should I direct queries about the legal documents relating to a property?

Our Sales Coordinators are best placed to answer any questions you have about the legal documents. The Sales Coordinator for each property is listed on the relevant property page. 

 

How long do I have to complete the sale after the Sale Day?

The deed must be granted within the period indicated in the Legal Pack for each property.

 

Can I buy a property before the Sale Day?

Exceptionally, bids are accepted and are transferred to the seller prior to the Sale Day.

Please contact the relevant Sales Coordinator if you wish to discuss this; his/her contact details will be listed on the property page.

 

What does “Deposit” mean?

A deposit must be provided at the time of registration. This amount will be dependent on the Minimum Price which has been placed on the property and the number of lots you wish to bid on, subject to change. The amount required for any given property is displayed when you click into the relevant property. 

Payment of the deposit can be made via debit/credit card of bank transfer. If you pay via debit/credit card, the deposit will be taken from your card only if you are the successful purchaser of the property. If you are not the successful bidder, the hold on your card will be released (or bank transfer returned in line with our terms and conditions).

 

How much is the Deposit?

The amount required for a deposit depends on the Minimum Price of the property:

Less than €150.000 | Deposit of €1.500

€150.000 – €500.000 | Deposit of €2.000

€500.000  €750.000 | Deposit of €3.000

€750.000  €1.000.000 | Deposit of €10.000

€1.000.000  €2.000.000 | Deposit of €40.000

€2.000.000  €3.000.000 | Deposit of €60.000

€3.000.000  €4.000.000 | Deposit of €80.000

€4.000.000  €5.000.000 | Deposit of €100.000

Over €5.000.000 | Deposit of €150.000

 

Is my deposit secure?

Yes, Bidx1 has a insurance policy with Crédito y Caución (number 4.220.408) which covers your deposit.

 

What does “Minimum Price” mean?

Each property has a Minimum Price – the lowest price that the seller is willing to accept for the property. If bidding does not reach the Minimum Price, the property cannot be sold.

 

When does the registration open for a Sale Day?

Registration usually opens 10 business days before the sale, although occasionally it may open earlier. 

 

How do I register to participate in a Sales Day?

The registration process is easy, and includes the following steps:

  1. Create a BidX1 Account (a Personal Account if you wish to bid as an individual or with other people, a Company Account if you plan to bid on behalf of a company)
  2. Log in to your Account
  3. Navigate to the property that you wish to bid on
  4. Click on the blue 'Register to Bid' button

You'll then be asked to do the following:

After these steps have been completed, we will review your registration and let you know once you are approved to bid.

 

Is there an administration fee?

No, there is no charge for the buyer.

 

What information do I need when registering to bid?

When regestering to bid in a Sale Day, you will need to have the following information at hand:

Individuals

Legal Entities 

 

 

How do I place a bid?

Once you have been approved to bid by our teams, you are free to place bids as soon as the auction opens. Placing a bid is easy, and you can practice at any time using our Bidding Demo. 

Note that bidding takes place on the relevant property page – the same page that you’ve been visiting to get information about the property and to register for bidding. On the right-hand side of this page (or at the bottom of your screen if you’re using a mobile device), you will see the Bidding Panel.

There are two bidding options to choose from: you can place a bid manually by using the 'Instant Bid' button or set an 'Auto Bid' to let the system do the work for you. 

In both cases, you will be asked to confirm your bid amount before it is placed.

We will also keep you informed of your bidding via email notifications – you will receive an email for your records each time that you place a bid and if you are out-bid, a further email will be sent to notify you of this.

Please note that if a bid is placed within 60 seconds of the scheduled closing time, an additional 60 seconds will be added. This is known as an extension period. During an extension period, any further bid that is placed will result in the clock re-setting again for a further 60 seconds, giving all registered bidders a fair and equal opportunity to place another bid. This will continue to happen until a full 60 seconds passes with no bids being placed.

 

Can I place bids over the phone?

No; our Sale Days are fully online and we cannot accept bids over the phone.

However, our bidding technology is compatible with mobile phones, allowing you to place a bid from anywhere in the world with a working internet connection. We have also developed an Auto Bid function, which will place bids for you up to a pre-set limit decided by you.

 

What happens if I have an unreliable internet connection?

We have developed a number of features to help in this instance:

Warnings

Our platform can usually detect when there is a connectivity issue between your device and our bidding system. In such instances we will inform you with on-screen prompts outlining the current connectivity issue e.g. slow speeds, complete loss of connectivity detected etc.

Auto Bids

Our platform will allow you to enter an automatic bid with a pre-set maximum amount that cannot be viewed publicly. The system will enter bids for you, only in order to maintain your position as the highest bidder, and only up to the maximum amount that you’ve specified.

If this maximum bid is overtaken, you will be notified via email and can enter another higher bid if you so choose.

Multiple Devices

Our platform will allow you to be logged in as a registered bidder on multiple devices simultaneously. This can mitigate the risk of losing broadband connection, or mobile connection.

 

When does bidding open?

Bidding typically opens on all lots at the same time on the day of the sale. The opening time will be clearly advertised across all lots.

 

When does bidding close? 

The sale process for each property will last approximately 90 minutes and will conclude at the closing time listed on the relevant property page. Make sure you check the closing time for your property in advance of the auction. 

Please note that if a bid is placed within 60 seconds of the property's closing time, an additional 60 seconds will be added. This is known as an extension period, and is detailed further below.

 

What is an extension period?

The closing time for each property on auction day is different – this time will be advertised in the bidding panel on the relevant property page. However, if a bid is placed within 60 seconds of the property's closing time, an additional 60 seconds will be added. This is known as an extension period.

During an extension period, any further bid that is placed will result in the clock re-setting again for a further 60 seconds, giving all registered bidders a fair and equal opportunity to place another bid. This will continue to happen until a full 60 seconds passes with no bids being placed.

Due to variations in browser and connection speeds, bidders are advised to make a bid with at least 10 seconds remaining on the clock.

 

What is an Auto Bid?

Our platform will allow you to enter an automatic bid with a pre-set maximum amount. This is known as an Auto Bid, and it cannot be viewed publicly. The system will enter bids for you – but only in order to keep your position as the highest bidder, and only up to the maximum amount that you’ve specified.

If this maximum bid is overtaken, you will be notified via email and can enter another higher bid if you so choose. It is important to note that once set, an Auto Bid cannot be cancelled.

 

I am the winning bidder. What are the next steps?

You will receive an email confirming that you are the winning bidder, and we will inform you of what documentation is required before signing at the notary. 

 

What is STC?

STC – Subject to Confirmation. This means that once the auction has finished, the winning bid will be subject to approval by the vendor. The vendor will have up to a maximum of four days to accept or reject the offer.