BidX1 has set a date for its next online property auction in Cyprus, which will take place on Wednesday, February 26, 2025.

Hundreds of bidders are expected to take part, attracted by the competitive pricing across a wide range of assets including apartments, holiday homes, offices, retail space and development land.

The catalogue is now available on the BidX1 platform: www.bidx1.com/en/cyprus.

“We’ve had an incredibly strong start to the year – we successfully transacted over 30 properties last month, raising over €5 million for our vendors, our strongest January to date,” said Andreas Peratikos, BidX1’s newly-appointed Head of Sales.

“What’s more, we recorded eight million euros in unspent liquidity last month – we calculate this liquidity by capturing the highest bid from each unsuccessful bidder. That’s a significant amount of capital in the hands of buyers who are still actively seeking a real estate investment,” he continued.

“Investor activity has certainly kicked off early this year, signalling positive momentum for the real estate market in 2025. It’s the right time for anyone considering a property sale to discuss their options with a real-estate professional.”

BidX1’s February catalogue brings over 40 properties to the market, with a combined value of over €5 million.

“Residential units in towns like Limassol, and villages like Mazotos and Pano Platres, have attracted a lot of interest in recent auctions, as have holiday homes in ever-popular Larnaca. We have similar properties on offer in the February catalogue, across a range of price points,” added Peratikos.

At a very attractive reserve price of €50.000, this two-bedroom apartment on Megalou Alexandrou Street in Mazotos, Larnaca, provides an excellent opportunity for cash buyers. Just 2km from the coast, the property is situated in an apartment block built circa 2009, and the apartment itself extends to almost 80 sq m.

A three-bedroom villa in the “Sandy Beach Villas” development in Polis Chrysochous, Paphos, is expected to attract both local and international buyers. Flooded with natural light, this beautiful three-bedroom home benefits from an open-plan layout, its own private swimming pool and wonderful ocean views from the upper balconies. The reserve price is €425.000, which is where the bidding will start at the auction.

A two-bedroom apartment in Latsia, Nicosia with a reserve price of €135.000, will also be offered on February 26, 2025. Situated on the fourth floor and benefitting from a ground-floor parking space, the property is in a superb location, with cafés, restaurants, supermarkets, banks and hotels available nearby.

Meanwhile, a wide range of land opportunities – residential, commercial and agricultural – are featured in the new catalogue, including sites in Lakatameia, Makounta, Pera and Neo Chorio.

To take part in the upcoming auction, interested parties must pre-register on the BidX1 platform, 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.

Registration opens on February 17, 2025. In the meantime, BidX1’s team of commercial and residential specialists are available to arrange viewings, answer any questions about the properties, or to assist with the registration process.

To get in touch with the BidX1 Cyprus team, please call: 22 000 380, or email: [email protected].