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
UntoThisLast is a local craftsman workshop which produces handmade furniture at mass-production prices. A huge range of furniture and accessories can be customised and produced on demand, thanks to 3D software and CNC machines.
Wattson is a new device that accurately monitors the energy you use in your home. As soon as you switch an appliance on or off, the change in your energy usage is displayed.