BidX1, which recently launched in Spain and Cyprus, has sold almost €40m-worth of property through its proprietary digital platform in the past three weeks alone. BidX1’s inaugural sales in Spain and Cyprus coincided with successful sale events in Ireland, the UK and South Africa. Together, these sales attracted 3 million views from users in 180 countries, with bidders in 23 countries placing more than 5,000 bids.
Commenting on the expansion of the company, BidX1's Founder & CEO Stephen McCarthy said: “This is a hugely exciting time for BidX1. Our proprietary platform and industry expertise deliver a differentiated proposition to the market, enabling us to broaden our global footprint.
“In Spain, there was a broad range of properties on offer in locations like Madrid, Barcelona and the Balearic Islands. The highlight was a UK bidder buying a property located in Alicante, whilst he was in New York, which he purchased through his mobile device."
The Spanish residential sale saw over 1.2 million views with particular interest from investment buyers. Another highlight was the sale of four apartments in Barcelona for over €0.5million. Meanwhile, the stand-out commercial sale was an eight-storey office block in Alicante, sold for almost €1 million.
In Cyprus, the sale of a development asset close to Pomos Harbor on the west of the Island attracted 12 local bidders, resulting in a final sale price that was 150% over the initial reserve price, while in South Africa there was intense bidding for a five-bedroom property in the Ransburg area of Johannesburg which attracted bids from 5 local bidders.
To date, BidX1 has sold almost €1.7 billion-worth of properties, with €850m sold on the digital platform in the last three years. BidX1's headcount has almost doubled since 2019, with more than 100 people now working at the firm.
-------
Keep up-to-date: Follow us on LinkedIn.
