Altamira and Santander: what it sells today and where the flats are

Searching for "altamira santander" in 2026 leads to confusion, because the relationship is no longer what it was. Altamira was created by Banco Santander in 2013, but today it is 100% owned by doValue, and since April 2026 the bank has entrusted the sale of its repossessed properties to its own servicer, Diglo. Altamira still sells a portfolio originating from Santander and from other clients, but if you're looking for Santander's flats, the main site is now a different one. Here's what you'll find in each.

Altamira: who owns it and what its relationship with Santander is

• 2013: Santander creates Altamira Asset Management to manage its repossessions.
• 2014: it sells 85% to the Apollo fund. It is the first big Spanish "servicer" in the hands of a fund.
• 2019: the Italian group doValue buys Altamira. Santander keeps 15%.
• 2023: Santander sells that 15%. Altamira becomes 100% doValue, whose core shareholders are the funds Fortress and Bain Capital.
• April 2026: Santander signs an agreement with Diglo, its subsidiary, for it to manage the sale of its property assets and most of its portfolio of non-performing loans.

In other words: Altamira was Santander's property company, then its outside servicer, and today it is an independent servicer that still markets part of the bank's historic portfolio. What's new from Santander comes in through Diglo.

What's left at Altamira

• A historic portfolio originating from Santander that doValue still manages: flats in apartment blocks in Cantabria, Castilla y León, Galicia, Madrid and Andalusia, with a notable presence in medium-sized cities and rural areas where other servicers barely have any stock (Burgos, Palencia, Zamora, Lugo).
• Assets from other doValue clients: funds and institutions that have entrusted portfolios to it.
• Commercial premises, industrial units and land, in a higher proportion than at other servicers.

The volume today is smaller than that of Solvia or Servihabitat. On RadarPro, Altamira contributes fewer active properties than Diglo or Aliseda (which sells the Banco Popular legacy).

Where to look for Santander's flats in 2026

1. Diglo (digloservicer.com): since April 2026, the main sales channel for Santander's repossessions.
2. Altamira: the historic portfolio originating from Santander and assets from other clients.
3. Aliseda: the portfolio that came from Banco Popular, now owned by Blackstone (Anticipa-Aliseda), and since 2026 also part of what remains of Sareb (Spain's "bad bank").
4. BOE auctions (the Boletín Oficial del Estado, Spain's official gazette): what Santander forecloses on and hasn't yet been awarded. Another route, with a deposit of 20% of the auction value and 20 days to pay: guide to court auctions.

How to search Altamira

The portal filters by region, province, type, price and features, and it has email alerts. What's useful: set up the alert with your criteria, note the publication date of every asset that interests you and don't trust the photos. As with the other servicers, the listing doesn't always make it clear whether the property is sold occupied; if the price is half that of the flat next door, ask in writing.

How to negotiate with Altamira

• Time on the market is what counts. Assets that have been in the portfolio for months or years accept offers 5-10% below the published price; in rural areas and small cities, more, because demand is scarce.
• A written offer with comparables, a renovation budget and the charges you've found. That gets escalated to a committee; "can you do it any cheaper?" doesn't.
• Pre-approved financing. As the seller is no longer the bank, don't take a Santander mortgage for granted: ask whether the asset has associated financing and, if not, come with your own.

What to check before signing

• Possession status in writing.
• Certificate of debts to the owners' association: the current year plus the previous three.
• IBI (the local property tax) and derramas (one-off special levies by the owners' association).
• An up-to-date nota simple (the Land Registry extract).
• A viewing. In the rural portfolio there are many homes that have been shut up for years, with wiring and plumbing that wouldn't pass an inspection.

Frequently asked questions

Does Altamira belong to Banco Santander?
No. Santander created it in 2013, but it has been 100% owned by doValue since 2023. It still sells a portfolio originating from Santander.

Where are Santander's flats today?
Mainly at Diglo since April 2026; the historic portfolio, at Altamira; the Banco Popular legacy, at Aliseda.

Does Santander finance Altamira's flats?
Not automatically, because the seller is no longer the bank. Ask for each asset whether there is associated financing.

Is Altamira worth a look?
Yes, especially in Castilla y León, Cantabria and Galicia, where it has stock that other servicers don't have and less competition from buyers.

Read on: Diglo, Santander's own servicer, the map of which property company sells each bank's flats and the properties of Altamira, Diglo and Aliseda with their discount worked out in bank repossessions on RadarPro.