Hi Nigel,
Thank you for the welcome.
I concur about Australia; in fact, it seems the norm there. In UK the auction room has been seen (wrongly in the last few years) as a place to get a bargain from a distressed seller.
The concept is new to Cyprus - this was , I believe only the second one (held ...
Search found 2 matches
- 16 Nov 2007 16:57
- Forum: General Property Questions
- Topic: Property Auction
- Replies: 5
- Views: 22051
- 16 Nov 2007 12:37
- Forum: General Property Questions
- Topic: Property Auction
- Replies: 5
- Views: 22051
Property Auction
The recent auction held in Paphos featured 34 properties of which only 7 sold (3 prior to auction, 4 on the day & 1 received no offers).
My personal view, looking at the market is that the reason for so few sales is unrealistic price expectations on the part of the vendors.
What do other people ...
My personal view, looking at the market is that the reason for so few sales is unrealistic price expectations on the part of the vendors.
What do other people ...