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More than 11,000 properties auctioned due to debts since Feb 2018

More than eleven thousand properties have come under hammer since the electronic platform for e-auctions went in operation in February 2018.

A total of 11,159 debtors’ properties have were auctioned, another 3,776 are expected to be auctions until the end of the year. The list includes 601 houses, 12 hotel units, 145 shops and as well as offices, plots, industrial buildings, parcels and others.

Properties auctions for debt to the tax office are due to start again in November with the effect that dozens of houses, offices, shops plots and agricultural plots will change hands. E-auctions for properties of 29 debtors are scheduled for 21. and 28. November. Among them is also the 3-story building of Greek fashion designer Lakis Gavalas in prominent Bukurestiou Street in downtown Athens. Starting price is at 1,800,000 euros, economistas.gr notes.

Properties are top of the e-auctions, while moveable assets of those who owe to banks, the state or to private persons are not exempted. A total of 511 auctions of mobile assets (cars, furniture, electronic devices and machinery) have been completed so far.

1,676 properties are on the way to be auctions in the first four months of 2019.

The list of properties to be auctioned is getting longer every day.

The target for the auctions in 2019 has been reportedly set at 50,000 properties.

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