Online auction house BidX1 has launched a global digital property marketplace. The technology-based model aims to build a network of real estate buyers and sellers by prioritising transparency and efficiency. The firm plans to sell 2,000 properties around the world by the end of 2019 to generate a total of €450m ($496m), up from €300m in 2020. Currently, BidX1's platform features commercial, residential and development potential assets across multiple markets, including the UK, Ireland, Spain, Cyprus and South Africa. The London firm has confirmed plans to expand to Portugal, Greece and Italy in 2018.
Online auction house BidX1 has launched a global digital property marketplace. The technology-based model aims to build a network of real estate buyers and sellers by prioritising transparency and efficiency. The firm plans to sell 2,000 properties around the world by the end of 2019 to generate a total of €450m ($496m), up from €300m in 2018. Currently, BidX1's platform features commercial, residential and development potential assets across multiple markets, including the UK, Ireland, Spain, Cyprus and South Africa. The London firm has confirmed plans to expand to Portugal, Greece and Italy in 2020.