Madrid auctions five lots of properties from intestate estates with successive discounts

The Special Delegation of Economy and Finance in Madrid has called for four successive upward auctions of five lots of real estate originating from intestate estates and owned by the General State Administration. The call is published in the Official State Gazette (BOE) no. 254, dated October 13, 2026, section V-B, pages 54041 to 54047, with official reference BOE-B-2026-33256. Bids are submitted in sealed envelopes and the procedure is governed by the specifications document.

Legal framework and convening body

The resolution invokes section 3 of article 138 of Law 33/2003, of November 3, on the Heritage of Public Administrations, which requires the free publication of the call in the Official State Gazette and in the gazette of the province where the asset is located, in addition to sending it to the corresponding city council for display on the notice board.

The announcement was signed in Madrid on October 7, 2026, by the Delegate of Economy and Finance in Madrid, Miguel Miaja Fol, and affects properties located in the city of Madrid. Complete information is available on the Ministry of Finance website and at the State Heritage Service of the Special Delegation, via the email ehmadridpatrimonio@igae.hacienda.gob.es.

The five lots and their starting prices

• Lot 1. Commercial premises with housing at calle Bailén number 9, ground floor, door 1 (28013 Madrid); 119.77 m² built, free of encumbrances, Property Registry of Madrid no. 4, estate 56179. Appraisal: 489,100.00 euros.
• Lot 2. Housing at Paseo de San Illán number 25, 4th floor, left door (28019 Madrid); 58.69 m² useful area, no registered encumbrances, Property Registry of Madrid no. 25, estate 47058. Appraisal: 234,500.00 euros.
• Lot 3. Housing at Paseo de las Delicias number 35, ground floor, door B (28045 Madrid); approximately 21.50 m², Property Registry of Madrid no. 3, estate 25212. Appraisal: 99,000.00 euros.
• Lot 4. 50% of the housing at calle San Gerardo number 36, 4th D (28035 Madrid); 69.56 m² registered, Property Registry of Madrid no. 32, estate 20636. Appraisal of 50%: 162,150.00 euros.
• Lot 5. 50% of the housing at calle Coruña number 12, 2nd B (28020 Madrid); 37.50 m² registered, free of encumbrances, Property Registry of Madrid no. 14, estate 16248. Appraisal of 50%: 99,000.00 euros.

Successive reductions and guarantees

Each lot is put up for auction four times with staggered reductions of 15% over the previous price, and the bidder must deposit a guarantee of 5% of the bidding price.

• Lot 1: 489,100.00 / 415,735.00 / 353,374.75 / 300,368.54 euros; guarantees of 24,455.00 / 20,786.75 / 17,668.74 / 15,018.43 euros.
• Lot 2: 234,500.00 / 199,325.00 / 169,426.25 / 144,012.31 euros; guarantees of 11,725.00 / 9,966.25 / 8,471.31 / 7,200.62 euros.
• Lot 3: 99,000.00 / 84,150.00 / 71,257.50 / 60,798.38 euros; guarantees of 4,950.00 / 4,207.50 / 3,576.38 / 3,039.92 euros.
• Lot 4: 162,150.00 / 137,827.50 / 117,153.38 / 99,580.37 euros; guarantees of 8,107.50 / 6,891.38 / 5,857.67 / 4,979.02 euros.
• Lot 5: 99,000.00 / 84,150.00 / 71,257.50 / 60,798.38 euros; guarantees of 4,950.00 / 4,207.50 / 3,576.38 / 3,039.92 euros.

Encumbrances, leases, and deadlines

Lot 3 carries a tax liability and an attachment recorded on April 11, 2024, in favor of the Community of Owners Paseo de las Delicias 35 in Madrid, under proceeding 328/2011 of the Court of First Instance number 38 of Madrid, with 42,479.33 euros in principal and 12,300 euros in interest and costs. Lot 4 is subject to a perpetual easement in favor of Saconia Dehesa de la Villa S.A. for the installation of illuminated signs and also includes undivided shares of three properties from the same registry, designated for the concierge and boiler room.

Lot 5 is leased by the deceased of the intestate estate via a contract dated November 30, 2012; following their death on September 1, 2017, the co-owners assumed management without signing an extension or reviewing the rent, which remains at 450.00 euros per month.

Offers may be submitted from the publication of the call until December 7, 2026. The public opening of envelopes will be held on December 16, 2026, at 10:00 AM, at the headquarters of the Special Delegation of Economy and Finance in Madrid.

For investors and individuals, the call puts five urban properties in Madrid on the market with discounts of up to 38.6% on the appraisal in the fourth round, although it requires a prior evaluation of the registry encumbrances, the current lease of lot 5, and the actual condition of the assets.

Source: Official State Gazette, no. 254, October 13, 2026, section V-B, pp. 54041-54047 (official reference: BOE-B-2026-33256).