Digital Sale 08.10.2020
Property investment platform BidX1 has launched the catalogue for its upcoming digital sale in Cyprus, which will take place on 8 October 2020. The new catalogue features more than 40 investment assets, totalling over €6m, and is available to view on the digital platform (https://bidx1.com/en/el-cy/auction/properties/955) and the BidX1 app (https://bidx1.com/en/mobile).
Head of Property at BidX1 Cyprus, Kritonas Onisiforou, noted that the catalogue mostly features land for residential or commercial use, but also a number of apartments, houses and industrial units.
“We are offering a selection of investment opportunities across Cyprus, at a range of price points. This new catalogue is characterised by plots of land in Larnaca, Paphos and Nicosia, which should attract plenty of developer interest, but those seeking a house, apartment or commercial property should take an interest as well, as these assets are also being offered on 8th October”, continued Onisiforou.
BidX1’s unique model enables users to buy property online from anywhere in the world and the digital platform offers transparency, efficiency and accessibility throughout the sale process. To bid on a property at the upcoming sale on October 8, interested parties must pre-register on the BidX1 platform (https://bidx1.com/en/cyprus) or through the BidX1 app, providing proof of identification and proof of address, as well as a deposit that will be retained only if the bidder is the successful purchaser on the day of sale. Unsuccessful bidders will receive a full refund within 7 working days.
BidX1’s local team of commercial and residential specialists are available to discuss the properties, arrange viewings or assist with registration. To get in touch with the BidX1 Cyprus team, please call 22 000 380 or email info@cy.bidx1.com.
About BidX1
BidX1 is an award-winning digital property investment platform, allowing investors from around the world to buy and sell assets in an efficient and transparent way. BidX1 combines industry-leading property expertise with proprietary technology to provide unparalleled levels of transparency, analytics, and global reach, challenging the traditional process of marketing and transacting real estate.
Since its first digital sale in 2015 in Ireland, BidX1 has developed and expanded into other markets, opening sales up to a global audience. BidX1 currently operates in the UK, Ireland and South Africa and launched operations in Cyprus and Spain last year. BidX1’s local office in Cyprus is in Nicosia and offers services countrywide.
About the Digital Property Investment Platform
The BidX1 model offers transparency, efficiency, and accessibility. The digital platform is accessible online on any device – mobile, PC or tablet – from any location around the world, offering the opportunity to register and bid wherever the buyer is.
All property documentation is available on the website for inspection by potential purchasers prior to bidding.
Bidding on every property starts at the reserve price, the lowest price at which the property can be sold, and this is listed publicly on the website before the sale. Anyone wishing to bid on a property is required to register on the platform, providing proof of identity and proof of address, as well as a deposit based on the reserve price. The deposit will be retained only if a bidder is the successful purchaser on the day of the sale; non-successful bidders will get a full refund.
Every bid placed on a property is logged and displayed in real-time and can be viewed publicly on the website, while bidders are identified only by a number and so remain anonymous.
Successful buyers will generally need to complete their purchase (transfer the full amount to the vendor’s solicitor) within six-seven weeks. The exact closing date for each property will be stated in the Contract for Sale, which is available in the legal documents for each property.
