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
German engineers of the Ohm-Hochschule Nürnberg are developing ‘Sollektors’. They are essentially conductor systems able to transport sunlight. How does it work? Sunlight is captured from collector-bulbs placed on a building’s roof and transferred via fiber optic cables to rooms without daylight.
The DIY company Bricor has launched DIY tutorials on its website. The videos feature its employees teaching step by step household tasks like installing a wastepipe and assembling a piece of furniture.