BidX1, the leading property investment platform, has announced details of its largest Cypriot auction to date, set to take place on 23rd June via its digital platform.
The new catalogue features approximately 80 properties across Nicosia, Limassol, Larnaca, Paphos and the Famagusta area, worth more than 11 million euros in total.
Solonas Charalambous, Senior Surveyor at BidX1, commented: “We’re delighted to be launching our largest Cypriot auction to date, bringing over €11m-worth of property to the market to meet the sustained demand for real estate investment. Buyers can choose from a wide selection of properties and plots, with investment opportunities available to suit all needs and budgets.”
Income-producing properties in the new catalogue include a tenanted two-bedroom apartment in Latsia, Nicosia and a fully rented building in Kato Polemidia. Prime land – ideally situated 650 metres from Nissi beach in the tourism hot-spot of Ayia Napa – also offers excellent development potential. The two fields in the renowned holiday resort extend to approximately 12,562 sq.m in total.
Further investment opportunities with the potential to generate high ROI include a residential building in Panagia, Nicosia, comprising four apartments with a swimming pool, while a three-bedroom house in Mesa Geitonia, Limassol is also suitable for permanent-home-seekers. “The significant increase in the cost of construction has made buyers look for alternative investments and turned their interest to ready-made units, in an effort to keep their investment cost low,” Charalambous emphasises.
The new catalogue also features affordable holiday homes, including a four-bedroom house in Pachna village in Limassol which is ideal for those seeking a weekend retreat in peaceful surrounds.
Meanwhile, a variety of land opportunities are on offer, including residential plots in Politiko, Lakatamia, Agios Tychonas and Egkomi, as well as agricultural fields in Liopetri, Aradippou and Parekklisia.
To bid on a property at the upcoming sale, interested parties must pre-register on the BidX1 platform.
BidX1’s local team of commercial and residential specialists, with in-depth knowledge of the Cypriot property market, are at the disposal of interested parties to answer any questions regarding the properties and to arrange viewings. To get in touch with the BidX1 Cyprus team, please call 22 000 380 or email info@cy.bidx1.com.
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About BidX1
BidX1 is Europe’s leading digital property investment platform. The PropTech company has built a digital platform which connects users across the globe with property investment opportunities in five markets and enables them to complete the entire transaction online using proprietary technology. Established in Ireland in 2011, BidX1 is the market leader in online property transactions; the company has sold more than 14,000 properties to date, raising over €2.8 billion. More than 36,000 bids were placed through the BidX1 platform last year, with buyers from over 60 countries to date.
BidX1 was recognised as a ‘Best Managed Company’ by Deloitte in 2021 and has received numerous other awards, including an Irish Times Innovation Award in 2018 and a KPMG Property Industry Excellence Award in 2019. For more information, visit www.bidx1.com.
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