AUCTION LISBON PREMIUM
- 2014-10-18
Last Sunday, on October 19th, Euro Estates has performed an auction, which was called “Lisbon Premium”, composed by properties almost exclusively placed in the heart of Lisbon, very well located and with big areas. Most of these lots where located in the noble areas of Lisbon, such as Areeiro, Infante Santo, Praça de Londres, Guerra Junqueiro and S. Jorge’s Castle.
These properties belonged to a real estates’ investment society and the prices ranged between the 10.000 euros for a rustic land with 3,4 ha, and 230.000 euros for an apartment with 9 rooms in Avenida Elias Garcia.
There were more than 400 persons attending this auction at Corinthía Hotel Lisbon, with final buyers, investors and even private buyers with some financial availability who have preferred to apply part of their possessions in real estates’ assets with a potential valorization.
This operation was a full success and 100% of the properties presented have been sold with a medium average valorization of 60% over the exit price in a full budget superior to a 3 million euros. Many of these properties have exceeded more than two times their initial price, and the most expensive lot was sold by 321.000 euros.