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
For several years there has been no snow for the Christmas and New Year season in Russia. The company ChudoSneg recognised the opportunity and started to sell synthetic snow in amounts large enough to decorate the outside of people’s houses and surrounding land.
Wallbots are an innovation in housing technologies. They are user responsive robotic partition walls that communicate with each other. They can move, resize and join together to create different sized spaces and accommodate different room functions.
They also collect real-time information such as temperature, light and time of the day, while analysing the routine and behaviour of their user, taking information from their social networks.