House & Home (128)

Houses can go backwards

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? 

Instant Gratification
House & Home
  • home_top_nav_list
  • home_top_nav_list
  • home_top_nav_list
  • left_menu_category
  • most_viewed

Related articles

Sweet dreams in a bed made to measure

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.

Well Being
House & Home

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.

House & Home
United States