EURO ESTATES SOLD 100 PROPERTIES WORTH AROUND 6 MILLION EUROS JUST IN A WEEKEND !

• 2013-06-28

Euro Estates held two national auctions of properties belonging to Banco Santander Totta this weekend in Porto and Lisbon. Despite the heat of the end-of-week, more than 500 people flocked to the hotel rooms where these auctions were held, looking for the excellent opportunities that traditionally are present in these auctions. The hammer of the auctioneer slammed by 100 times and the total value of sales was around 6 million euros. The success of these auctions, by the bidders perspective, stems from the excellent discount opportunities and best financing terms. Already on the side of the owners, and specifically in the case of banks, they value the snap liquidity and valuation achieved - in this case more than 20% on average. We highlight that types T1 and T2 were the most requested, with average increases of over 30% compared to base values.