House & Home (128)
Houses can go backwards
After many months without finding a buyer for his home, David Garcia decided to launch tupisoporuneuro.com , where potential buyers can bid for his house via reverse auction. The bids have a minimum of 1 euro and a maximum of 150 euros and the winner is whoever makes the lowest bid that is not repeated. The scheme works by charging bidders per bid allowing the operator to recoup the cost of the property and auction process.
Why it matters
The reverse auction trend has been buoyant for some time now, and now it appears to be property’s moment. As more and more buyers struggle to enter the market, will auctions become a route to affordable housing? What will this mean for property marketing on the whole?
Source: Europa Press
16. September 2009
American homeowners are increasingly sectioning off parts of their larger garages to use as a mudroom (utility room ). In fact, The American Institute of Architects found that adding mudrooms is ranked third (following home offices and games rooms) on the list of what’s important in newly constructed homes. They’re even more desirable than a media room or home theatre. Mudroom designs now feature things like built-in shoe cubbies and hooks for backpacks - aimed at helping kids get out the door faster. Features like a bar-height table for sorting mail help parents get organised before they get in the door, and power strips give phones a place to charge that you can grab on your way out of the door.
UAE-based removal firms have reported a significant jump in bookings amid growing evidence of an expatriate exodus as job losses soar. The UAE's population is expected to contract 5.5 percent this year due to expatriate lay-offs, with Dubai's forecast to shrink 17 percent.