It seems to be risky enough just going through the normal buying process so I would think it a real gamble buying through an auction unless you had the same consumer protection in the UK
If you look at their website the dates for the next few auctions are there. There was one in Marbella last week and another one in May. There is an auction in London in April. I was looking for anyone who has used them in the past and get feedback as to the process.
Totally agree with Mark not to use auctions unless you know the local market really well and indeed the development even the actual apartment if possible!!. For example on the Direct Auctions website there is a property in Santa Maria Green Hills for auction and any regular readers of this forum will know the huge problems with that development !! The photos of the apartment include some of Santa Maria Village and some of the show flat in Los Jardines – very misleading !
Exactly! Santa Maria Village was built by the Sifasa group. Groupo Eralia is part of that group. When my husband & I went there a few weeks ago, it was completely deserted…like a ghost town. It had no signs of being lived in.
It’s bad enough trying to buy property that we supposedly have the details of, let alone going to an auction to buy. I would guess you have to be VERY knowledgeable on the subject.
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