BidX1 is buying and selling proptech land in Spain

September 25, 2019
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This article was written and published in Spanish and has been translated into English via Google Translate. Click here to read the original article.

Digital real estate marketplace specialized in the sale of online properties BidX1 has landed in Spain

The Irish company has presented its new branch in Spain that has a team of 17 professionals with extensive experience in the real estate sector and in the Spanish market.

Javier de Pablo, Head of Property of BidX1 Spain, says that “the Spanish market is one of the most attractive in Europe with a large volume of properties that, thanks to our marketplace, we can offer in a transparent, simple and efficient way, to national and international buyers.

”In Spain, the first digital sale aimed primarily at institutional and private investors will take place on October 16 and 100 homes will be offered in more than 25 provinces. The catalog of this first Sales Day is now available, with properties from € 50,000 to land for development or office and industrial complexes that are at starting prices of more than € 3M.”

The Irish company, founded in 2011, reached, at the end of April 2019, a turnover of €1,500 million for the sale of more than 8,000 assets of different types. Last year, the private equity firm Pollen Street Capital made a strategic investment in BidX1 to support its international expansion, which began in 2019 with the launch of its business in South Africa, Spain and Cyprus and will continue throughout 2020 in countries like Portugal, Italy or Greece.

For Johnny Horgan, Managing Director of Europe, BidX1, “Spain IS a mature market with a lot of potential where we want to change the way in which properties are bought and sold, betting on transparency throughout the entire purchase process. Therefore, we offer a disruptive platform that has previously reaped great results and has been very well received in other markets such as Ireland, the United Kingdom and South Africa.” 

The firm has raised more than €800 million in just two years with the 100% online sale of more than 4,000 assets of different types, from apartments to real estate portfolios, and in multiple international markets through its advanced digital platform. Proptech is characterized by high knowledge of the real estate sector of its professionals with a local team in each of the countries in which it operates. The firm is currently present in Ireland, the United Kingdom, South Africa, Cyprus and Spain and has a team of more than 100 professionals.

This article was written and published in Spanish and has been translated into English via Google Translate. Click here to read the original article.

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