Online auction house BidX1 has launched a global digital property marketplace. The company said it will offer more than 100 million square feet of real estate in the United States and Canada over the next two years. 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.
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.