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
Asda have started a trial in their supermarkets, dispensing own brand fabric conditioner from a vending machine, which pumps the liquid from a large vat in the stockroom directly into a pouch. Customers are then encouraged to return and refill their empty pouches. The project will not only cut down the supermarket’s packaging cost, but also pass on a reduced cost to the customer. It costs £1.90 for the first pouch, and £1.50 for any refills. This compares with plastic bottles, which cost £2 for the same size.
Ikea Portugal has built a temporary hotel in one of Lisbon’s parks. With 26 rooms exhibiting Ikea’s new textiles, the hotel was open for one night only on August 18th. Members holding the Ikea Family card could try to make a reservation for one of the 26 open sky rooms and win a number of other prizes in the process. Participants were also invited to join various workshops on sewing and textiles.