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  • Houses hit the online auction block

    The total revenue from the Piraeus Bank online real estate auction, including immediate purchase, was over six million euros.

    ΤοΒΗΜΑ Team

    Piraeus Bank has completed its second electronic real estate auction with the sale of 57 properties through its properties4sale.gr platform.

    Up until a week before the auction, prospective buyers were able to offer a bid in the “immediate purchase” category, which automatically removes the property from the auction.

    In the last auction, there were 16 immediate purchase bids for 13 properties. The 44 remaining properties were put on the block in a six-hour online auction, on 24-25 October. In total, there were 216 offers for 28 properties.

    The total revenue from the auction, including immediate purchase, was over six million euros.

    Prospective buyers were offered loans by the bank that were approved prior to the auction.

    A list of 270 prospective buyers applied to register for the auction, of whom 190 were approved.

    About 60 real estate agents were allowed to connect with the platform and register their clients as prospective buyers.

    Buyers were allowed to visit the properties on designated open days before the auction.

    The next properties4sale.gr auction is scheduled for 13-14 December, and the properties will be posted on their website on 6 December.

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