Ibercaja Slashes Housing Prices by 50%

12/03/2014 – ExpansionPro

 Ibercaja aims at speeding property sales up. The entity from Aragon announced yesterday a 50% cut in prices of flats in Madrid and Toledo. As Ibercaja explains, the offer´s time is limited (valid by next Friday) and it involves 100% financing for each property purchase.

The real estate stock included in the offer is situated in and out of Madrid, in surrounding cities like Alcala de Henares, Alcorcon, Aranjuez, Arganda, Ciempozuelos, Colmenar, Fuenlabrada, San Sebastian de los Reyes, San Lorenzo del Escorial, Torrejon, Torrelodones, Tres Cantos or in Valdemoro, among others. Additionally, flats in Toledo and municipalities belonging to it, such as Illescas and Talavera de la Reina, are put on sale.

This offer shall be added to the two previously launched discount sales by Bankia and Popular. The first bank applied a 40% discount on 300 houses published on its real estate website. In case of Popular, it reduced prices of over 100.000 properties by 30% (on average by 12%). (…).


Original article: ExpansiónPro (Miércoles 12 de Marzo 2014, pp 15)

Translation: AURA REE