Banks are selling off Tenerife property at a knock down price!

[Canarian Weekly]

Spain’s second-biggest bank, the BBVA, said it would be accelerating its sales of toxic property assets, lowering prices as necessary. It has 8.7 billion euros of real estate on its books, including building land and thousands of built and half-built residential properties. Most of that property is connected to developers who have been unable to [...]

More... (http://www.canarianweekly.com/bbva-selling-property/)

[Tenerifelass]

This is a link to repossessed properties from different Spanish banks.
There are lots of great, good, average, properties and if you speak (understand) some Spanish, you can buy a lovely 1 bed flat in Los Cris, Adeje, Los Abrigos or elsewhere south for 38,000-58,000 eu. A lot of them are with 100% "financiacion" from the banks.
http://www.idealista.com/news/gente/pisos-bancos/blog/portales-webs-bancos-venden-pisos-embargados

[KirstyJay]

And here's the direct links copied from that page :)

- altamira santander real estate (banco santander): www.altamirasantander.com

- anida (bbva): http://www.anida.es

- bbva servicios particulares (bbva): http://www.bbvaservicios.com/portal/particulares/

- procam (caixa catalunya): http://www.procam-inmobiliaria.com

- portal inmobiliario (caja canarias): http://www.servihabitat.com/svhPortal

- casaktua (banesto): http://www.casaktua.com

- servihabitat (la caixa): http://www.servihabitat.com

- oportunidades cam (cam): http://www.oportunidadescam.es

- aliseda gestión inmobiliaria (banco popular): http://www.gesaliseda.es

- solvia gestión inmobiliaria (banco sabadell): http://www.solvia.es

- ahorro casa (ahorro corporación soluciones inmobiliarias): http://www.ahorrocasa.com

- reser subastas (caja madrid): http://www.resersubastas.com

- revalua (Caixa Penedès) : http://www.revalua.es

- quermes (cajasur): http://www.quermes.com/