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First Auction South Africa

BidX1 completes its first digital property sales in South Africa

BidX1, the digital property company transforming the property market, has announced the successful completion of its first digital property sales in South Africa and the broadening of its international footprint into two new markets, with offices and staff now operational in Spain and Cyprus.

In partnership with Pam Golding Properties, South Africa’s leading property group, BidX1 launched its first digital property catalogue in South Africa in March this year and completed the sale of these properties on 10 April. In total, 29 properties from multiple regions across the country were sold to a global audience which included both local and international buyers.

An integral step in internationalising its innovative property trading platform, South Africa represents a significant milestone for BidX1 in extending its presence to multiple international markets and demonstrates the transferability of the BidX1 model to markets beyond Ireland and the UK.

With the latest office openings in Madrid, Spain and Nicosia, Cyprus, BidX1 aims to build on the international momentum behind its pioneering trading platform and expects to deliver the first digital sales in these markets in the coming months. The company is also targeting additional international markets for launch in 2020.

Stephen McCarthy, Founder & CEO at BidX1, commented: “We are delighted to announce the successful completion of our first digital property trades in South Africa with our local partners Pam Golding Properties. This success is a significant milestone for our business, highlighting the strength of our innovative digital property platform and its versatility and applicability to other international markets."

BidX1 has developed an innovative, transparent and secure digital trading platform, giving users convenience and immediacy in buying and selling property online, from anywhere in the world, on any digital device. Having raised over €1.4bn through the sale of more than 8,000 assets – €650m via its bespoke digital platform – BidX1’s model provides trust and transparency to the benefit of both buyers and sellers and has proven successful across the full range of property types, from city centre apartments to commercial investment portfolios.

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