SUNDAY, 27 SEP 2020



Facebook Linked In Twitter
GAP Vassilopoulos

Constantinos Ioannou: People Must Observe Health Protocols

Nicos Anastasiades: Peace Process Not Under Conditions Of Intimidation And Threats



brought to you by Deloitte

BidX1 Launches New Property Catalogue For Digital Sale On July 29

BidX1 Launches New Property Catalogue For Digital Sale On July 29

Property investment firm BidX1 has launched the catalogue for their upcoming digital sale on 29 July 2020. Currently available on both the platform and the BidX1 App, the latest selection features over 30 investment assets, totalling approximately €5m.


Head of Property at BidX1 Cyprus, Kritonas Onisiforou, notes that the catalogue mostly features fields and plots, but also a number of apartments and houses, as well as commercial shops.


“Once again we are offering a mix of investment opportunities around Cyprus, across a range of price points.”


The new catalogue follows a successful auction on 8 July. The BidX1 team in Cyprus oversaw the sale of a wide selection of assets, both residential and commercial, raising more than €5m. Over 150 bidders took part on the day. All 743 bids are displayed publicly on the BidX1 platform, along with the final sale price for each property, underlining the transparency of the process.


Notably, BidX1 have reported that the total liquidity available at the auction was €13m.


Commenting on the sale, Onisiforou said that, “Participation in last week’s auction exceeded expectations. The total liquidity available was €13m, calculated by totalling the highest bid from each unsuccessful bidder. This is a significant figure as the amount that each under-bidder was willing to pay for a property provides an indicator of the level of unspent capital in the market on auction day. This is a positive sign for the property sector, which has faced significant challenges in recent months.”


Onisiforou attributes last week’s sales to pent-up demand for investment property following the lockdown, but also a growing confidence in online property transactions, a trend which BidX1 believe has been accelerated by Covid-19.


To bid on a property in the auction on 29 July, interested parties must pre-register on the BidX1 platform or the BidX1 App, providing proof of identification and proof of address, as well as a deposit that will be retained only if the bidder is the successful purchaser on the day of sale. Unsuccessful bidders will receive a full refund within 7 working days.


BidX1’s local team of commercial and residential specialists are available to discuss the properties or assist with registration.


To get in touch with the BidX1 Cyprus team, please call 22 000 380 or email


Increased Interest In The Plots Of Aristo Developers In Nicosia

Aristo Developers recently announced the segmentation and marketing of ninety large plots ...

Delfi Partners Opens New Office In Thessaloniki

Delfi Partners announces with great pleasure that it is expanding its base in Greece and ...

Altamira Real Estate Launches New Campaign “Location of the Week on Special Offer”

Altamira Real Estate has launched a new large-scale campaign, aimed at promoting ...



New Guidelines On ICT And Security Risk Management

Information Communication Technology (ICT) and information security risk management are fundamental for a financial institution to achieve its strategic, ...

Marios Skandalis: The Upcoming Decade of Compliance Revolution

Marios Skandalis, Director of the Compliance Department of the Bank of Cyprus, speaking before the 6th International Compliance Forum, stated that compliance ...

Lawyers in Cyprus Portal Receives Best Legal Services Directory 2020 – Mediterranean 2020

The Lawyers in Cyprus portal, managed by Sedinvest Enterprises, has received the “Best Legal Services Directory 2020 – Mediterranean 2020” in ...

The Entertainment And Media Industry Reconfigures

The pandemic afflicting the world brought the global E&M industry’s growth to a shuddering halt. According to PwC’s Global Entertainment & ...

Healthcare Investment Conference: Major Healthcare Investments Under The Microscope

The Healthcare Investment Conference, organised by IMH, takes place on Thursday 15 October 2020 at 15:30 at the Hilton Nicosia (former Hilton Park Hotel) in ...

Facebook 'Supreme Court' To Begin Work Before US Presidential Vote

Facebook's Oversight Board is "opening its doors to business" in mid-October.   Users will be able to file appeals against posts the ...

Constantinos Ioannou: People Must Observe Health Protocols

Minister of Health, Constantinos Ioannou, said on Thursday that the goal is not to impose strict measures but rather to make people understand that they must ...

Nicos Anastasiades: Peace Process Not Under Conditions Of Intimidation And Threats

A fundamental prerequisite of every peace process is that for the talks to resume with realistic prospects for success. It is imperative to create an ...