Banco Ciudad held a series of online auctions this week of properties with vacant properties, with the success of the sale close to 90% efficiency of the lots offered: one house and eight apartments.
By order of the Attorney of the City of Buenos Aires, these auctions are characterized by a diversity of properties, including lots, apartments, PHs, houses, offices, commercial premises and garages, as well as valuation and sale in pesos. to all units.
The catalog of auction properties to be held on Thursday includes houses and eight apartments with 2, 3 and 4 rooms located in Panormo, Villa del Parque, Monserrat, Caballito, San Cristóbal, Lugano and San Telmo.
The base prices were between $12 million and $41 million, and the lot with the highest bid, with 4 prices, was a 3-bedroom dinning room at Calle Paraguay 2949, which sold for $40,700,000 with a base price of $23,450,000.
Properties at the finish line
The next auction of properties with vacant properties will be held on April 26, starting at 10 a.m., and you can find information about them on Banco Ciudad’s auctions page.
Banco Ciudad confirmed that “this type of auction arouses great interest and calls for the best opportunity to acquire a home, development or investment”.
The new online mode of public auctions launched at the beginning of 2020 shows great dynamism in the real estate sector in general, reaching an efficiency of greater than 90% for properties offered in national currency, and more than 50% for dollar units.
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Registration mode
Those students must register within 48 hours to receive the offer. business days before the start of the auction. Participation as a guarantee requires a deposit corresponding to the base percentage of the purchase price of the property (which amount will be refunded in full in case of no bid or non-winning offer, within 7 days after the auction).
In addition, an address in the autonomous city of Buenos Aires and an address must be provided, which is valid without distinction for all the legal effects derived from this auction.
On the date and time indicated, the application of offers will begin through the portal (https://subastas.bancociudad.com.ar/). The developer is made only by the price.
auction courts
-Each bidder orders a number to do what is necessary, until it is given or exceeded, during the public auction.
-The same bidder can make more than one bid on the same good, always the highest price prevails.
– All offers made are irrevocable and irrevocable.
– Bids cannot be canceled or rejected under any circumstances, except when prohibited by another law.
-Through the procedure of real prices they will be able to observe the evolution of the offers made in quantity and position.
– Any offer made in the order must exceed the previous offer, and be yours or someone else’s.
Award method
Then, within 48 hours after the end of the auction (the winner receives an email with the notification of the lot immediately at the end of the auction), a payment of 10% of the sale price must be made as a deposit. 3% corresponding commission plus VAT.
Upon receipt, the funds are returned to the cautious guarantor. The total integration of the balance will be carried out in terms of the times that will be led by the Attorney.
To participate
1. Interested parties must have an electronic device such as a tablet, notebook, PC, smartphone or similar with a WIFI connection.
2. Register as a user at https://subastas.bancociudad.com.ar/, in the “Login Session” (the documents are the same as self-administration).
3. Enter the Interest Auction at https://subastas.bancociudad.com.ar/
4. Read the conditions of sale.
5. Make sure you have as much security as you can to participate
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6. The receipt of the grant will be able to order the address.
