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PropTech Leader offering €100m of investment properties in Europe’s largest digital property sale

Global digital property marketplace BidX1 is holding the largest digital property sale in Europe this month, with over €100 million of international investment assets to be sold in five countries over eight days.

Properties from London to Dublin, Madrid, Nicosia and Johannesburg will be sold, with interest expected from more than 180 countries. Properties in multiple sectors are available, including high yielding industrial and retail assets, and interesting development opportunities. There is a diverse spread of residential assets, both leased and available for owner-occupiers.

Johnny Horgan, BidX1 Managing Director of Europe, said:

"Since my arrival in May 2019, we have seen momentum increase, as vendors seek the transparency and data that our digital platform can provide. We have raised just over €1.6 billion to date, with almost 25,000 bids in 2019 alone, which is testament to our expert property teams.

“Equally, our buyers are seeking investment opportunities given the current interest rate environment. We launched successfully in Spain, Cyprus and South Africa in 2019 and look forward to growing into new territories in 2020 in response to this customer demand.”

The upcoming BidX1 sales event includes:

- A United Kingdom sale on February 18: this includes a property in South Kensington producing income of £15,339 per annum and guiding £320,000

- A sale in Ireland on February 19 and 26: this includes a portfolio of four apartments in Dundrum, Dublin with a guide price of €1 million and a mixed-use investment comprising office, retail, public house and residential accommodation with a guide price of €1.7 million in Blackrock, County Dublin

- A Cypriot sale on February 19, including a three-bedroom apartment in a luxury resort in Paphos reserved at €170,000 and a detached house in Limassol reserved at €185,000

- A sale in Spain on February 20 with a three-bedroom house in Cadiz (€155,000), a terraced chalet in Alicante (€109,000) and a seven-bedroom house in Madrid (€364,000) on offer

- A sale in South Africa on February 26 with an industrial park in the Johannesburg suburbs guiding R60 000 000

During 2019 there were almost 25,000 bids placed across the BidX1 platform, ranging from Ireland to the US, Australia, Bermuda, the United Arab Emirates and Zimbabwe, with over 40% of potential purchasers bidding from their smart phones, many setting bids automatically overnight and from other time zones.


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