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
Turkey’s furniture sector leader İstikbal, has released its new range of beds with revolutionary sleeping technologies. The beds are developed by considering different body types, weights and even sleeping habits.
Entertaining in the home has seen a major resurgence throughout the recession, replacing private parties at bars, clubs, and restaurants. Now, as the economy starts to recover, hosts are keeping parties in the home and bringing in bartenders via a number of bartender-for-hire services.