By “adjusting” the commercial price downward from 20% to 35%, 2,383 properties were transferred in 2022 for a total of 8,752 properties. auctions that were completed through her electronic platform with a choice of super-theme. It’s more than a quarter of them real estate which changed hands last year, which was also the first year of the application of the possibility of automatic price reduction of the first offer, established by the Code of Civil Procedure and adopted by Parliament at the end of 2021.

The ability to lower the commercial price at which a property is auctioned is intended to facilitate the transfer of an auction when the first offer price is considered high based on demand. The condition for price reduction is two unsuccessful attempts, and then the procedure provides for an automatic reduction in the price of the first offer by 20% at the third stage of the auction and a further reduction by another 15% in the absence of bidding. interest.

Such as “K” wrote in 2022, the number of scheduled auctions, i.e. posted on the online platform reached its highest point in recent years, reaching 52,595, of which 39,318 have been completed. There were 9,001 successful bidders, i.е. with the selection of the best bidder (the final figure, in addition to real estate, also includes some cases of movable property), which is also the highest since 2018, when electronic auctions were created. The price of the first offer is determined by an independent appraiser and reflects the estimated commercial value of the object, which, however, does not mean that it is capable of arousing the buyer’s interest. The possibility of reducing the price of the first offer has already worked out on the market and, based on the data of the site www.landea.gr, which specializes in finding real estate at auctions, in 2022:

1. Without reducing the price of the first offer, 41,711 auctions were placed, 29,333 auctions were completed (70.3% of those announced), and in 6369 cases (15.3% of those announced) the highest bidder was identified.

2. When the first rate was reduced by 20%, 5,993 auctions were placed, 5,530 auctions were completed (92.3% of placed) and 1,011 (16.9% of placed) auctions were outbid.

A total of 8,752 auctions were held through the online platform.

3. With a 35% decrease in the price of the first offer, 3,565 auctions were announced, 3,339 completed (93.7% of placed) and 1,372 auctions (38.5% of placed) were outbid.

As for the increase in reseller prices in relation to the price of the first offer for successful auctions, i.e. concluded with the choice of reseller, based on data from www.landea.gr for 2022:

a) With an increase of less than 1%, 76.3% was transferred, i.e. 6676 properties.

b) With an increase of 1% to 20%, 9.7% is transferred, i.e. 849 properties.

c) With an increase of more than 20%, 14% was transferred, i.e. 1225 properties.

In total, the value of real estate that changed hands in 2022 through the online platform was 1 billion euros, and the 8,752 properties that found a buyer through the online platform are the most since online auctions were activated. Based on the first offer price for liquidated property, it follows that the average value of liquidated property in 2022 was EUR 114,800 compared to EUR 150,900 in 2021.