BidX1, the digital property investment platform, sold 25 properties at a busy online sale which took place on 26th May 2021.
Seventy-five parties registered for bidding in advance of the auction, resulting in the sale of almost €4m-worth of commercial and residential property in just a few hours.
Kritonas Onisiforou, Head of Property at BidX1, commented, “These results speak for themselves. It was a very successful day for the team, and we are delighted to have achieved such strong outcomes for our sellers.”
The diverse range of assets sold highlights the flexibility of the BidX1 model. Houses, apartments, retail units and land for commercial, residential and industrial use, as well as a beachfront field within a protection zone, were among the sales.
A mixed-use building on Athalassas Avenue in Nicosia achieved the highest price, selling for €950,000. The property comprises a retail unit on the ground floor with apartments on the upper floors, as well as parking spaces available at basement level.
A residential field in Pegeia, Paphos also proved popular on the day. The reserve price was €150,000 but competitive bidding resulted in a final sale price of €313,000.
Although a number of international parties registered for the auction, the majority of successful bidders were local, which Onisiforou attributes to the popularity of the digital platform in Cyprus.
“Buyers are seeking a convenient online process that offers transparency. We have already launched the first properties for our next auction, which will take place in late June”, he added.
Interested parties can view all of the current properties at bidx1.com/cyprus. To get in touch with the BidX1 Cyprus team, please call 22 000 380 or email info@cy.bidx1.com.
