House 100 square in … hammer for 9.500 euros – Auctions shock – Economy



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A 100-square-meter residence on the ground floor in the Vyrona district comes out on an electronic hammer on Wednesday, July 25. First price of the offer 9,500 euros, 95 euros per square meter, or less than today, a small car is sold. Although the owner of the house owes nearly 400,000 euros to the banks and to the tax administration, the property is sold by the Athens municipality for arrears of 5,344.77 euros.

If there is interest and a buyer is found for housing, then the borrower will pay to the municipality but will still appear in red in the banks and the tax office

Ground floor apartment in Kypseli is given 19,000 euros, the owner owes more than 100,000 euros and goes out on the hammer for the debt to the municipality 9.111 euros
Chairs, tables, a TV, a dishwasher with hammer and that to 700 euros while another residence in Eleonas is given 38 thousand euros for a debt a little more than 5 thousand euros The most scenario Probably is this property to have the lot of thousands of real estate coming out of the electronic hammer. Nearly half of the properties sold remain uninhabited. There is no interested person who wants to acquire them, with the result that the auctions are declared sterile. The residence of Vyron will be able to enter the electronic hammer after 40 days at the same price. But if the auction ends again, then the electronic hammer will hit for the third time in a few days. The selling price will be not only much lower than commercial but "killed". Anyone who is interested in this particular house will get it almost

Since September, the electronic auction scene has changed. Expedited procedures are enabled to resume diskette auctions. Real estate will be sold faster at new discounted prices that will be well below commercial values. The goal is obvious: find buyers interested in leaving the hands of banks and state property to borrowers and red debtors.

The new procedure recently adopted by the Parliament provides that if an auction is declared barren, a new auction will be held within 40 days, and if the second auction is not granted, the competent court may order a new auction within 8 business days (from 30 days in the previous plan) at the same price or at a lower price. That is, a property can now be auctioned for the third time more quickly, with a process that lasts 48 days instead of 70 days and at a much lower price

the municipalities have been well in the dance of electronic auctions. They make the hammer immobile of all clbades. Residences, offices, warehouses, plots. And they do not stop there. They sell and move debtors' badets from tables and chairs to televisions, electrical appliances and cars, hoping to make the most of the debts left by citizens and businesses.

Only on Wednesday, July 25, the city of Athens appears as the shipping authority in 19 auctions online. Fifteen borrowers of the municipality will see their property immobilized on the hammer. For the other four, the sale of movable badets is expected

The online auction platform was fired, which will be frozen in August to be resurrected in September, when real estate disposals will be even faster

4,329 online auctions have been put online, which will be removed by the end of the year. Of the remaining 324 that have been upgraded to the online platform are planned for the first two months of 2019. Almost every day new auctions are being loaded. Over the next two weeks, 1,287 auctions are expected. In August, the electronic hammer will stop beating to start again in September, with a tighter auction

However, almost half of the auctioned goods are bought by the banks themselves, they want to keep high prices but also form a market for the thousands of properties that will come out of the hammer by the end of 2019. Among the other real estate sold, for the most part, the auction is declared barren and a low percentage the auction are suspended. These are mainly cases of real estate badociated with business loans. Red borrowers who have disappeared for years appear in auctions of more than five years in the banks to pay their loans. Some even give up hot money to save their real estate.

Banks buy a lot of goods for another reason: there is not a high percentage of lawful auctions. However, "this situation can not become permanent," the bankers said. The schedule for restarting sterile auctions will help, as they say, to increase their number on a monthly basis and attract buyers. Today, if we exclude "targeted" real estate because of the high interest of the wealthy, the rest of the property is hard to find a buyer – especially in the industrial or industrial field. commercial

and the independent authority and the municipalities. For the first 15 properties sold by AADE for unpaid taxes and fines, no buyer was found. Nobody was interested in acquiring the Lakis Gavalas apartment in Agia Paraskevi. Buyers are likely to appear when they hit the electronic hammer for the third time and real estate selling prices have dropped even lower.

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