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FULL HOUSE – 4 AUCTIONS IN EIGHT DAYS

  • 2014-07-17

FULL HOUSE – 4 AUCTIONS IN EIGHT DAYS

In two weekends, EuroEstates has performed 4 auctions, two in Oporto and two in Lisbon, with Portuguese banks’ real estate properties. The assets were composed by 211 properties from all over the country and have achieved a turnover of almost 10 million Euros.

The lower price was of 6.000,00 Euros for a house - V1 type - in Moura (Alentejo) with 147 m2 and the higher was of 165.000,00 Euros for a flat – T2 type with 102 m2 – in Lagos (Algarve).

Just in the weekend of 12 and 13 July, more than 80% of the properties have been sold, and reached a medium valorization in the order of 30% over the the base prices. Some of these properties have exceeded two times their initial value.

These auctions were the last ones before the summer holidays with lots of customers and the auction’s rooms full with people interested in buying and investing in Portugal.