Reply To: Property Auctions in Fuerteventura/Lanzarote?


I can’t fully agree with people’s comments about direct auctions, I’ve also been to a couple of there auctions but my experience was very different, in as much as many of the prices where well below the price you’d find in an estate agents window BUT the room seemed to be filled with speculators with ridiculas expectations, only there to find the bargain of the century that they could grab to resell at a profit 😕
Both times I went, about 5 or 6 properties out of 20 odd sold on the day but bidding was pathetic and on the whole I came away thinking it was agood idea in principle but it lacked exposure to the real buyers out there who are looking.