TIME FOR CHANGE

Real Estate Auction: The Sale of Flats for the Current Market Price

The Professionals real estate agency and the GAVLAS auction and real estate agency are holding an auction (not a public sale*) of new flats and family houses for the first time in history on December 16th of this year.

 

There will be about 40 properties from 10 development projects such as Rezidence Císařka or Rezidence Korunní 74 in the auction. It is a brand new sales method on the Czech market, which lets people interested in new housing purchase real estate at the true current market value. The auction will take place in Autoklub Czech Republic's spaces at Opletalova ulice 29 in Prague 1.

 

Auction

Unlike a public sale, this auction is a competition between the individual participants offers with the highest offer winning and the auction winner signing a reservation agreement. The sale then proceeds like in direct sales including a regular payment calendar.

 

The financial purchase is also certainly possible using a mortgage. The auction includes real estate of various price categories and sizes from Prague and its immediate vicinity. Attractive new flats and family houses are on offer, most right before completion.

 

"The starting prices in some cases will be up to 60% lower than the developers sales offers and so potential buyers will be given a unique opportunity to purchase a flat at an interesting price. But the auction primarily offers people the possibility to get housing at the real market value.

 

Whoever eventually wins can be sure that otherwise someone else would get the property at only a slightly lower price," Ivo Gavlas, the owner of the GAVLAS auction agency, stated. The Director of the Professionals real estate agency Tomáš Duda added: "Real estate auctions are a common sales method abroad, through which a considerable amount of sales are realised.

 

We are glad that we can bring this innovation to the Czech market together with informed developers. It is still an uncommon activity in our environment, but it will certainly also become a standard tool in time."

 

More information for everyone

Those interested in new housing can become acquainted with the complete offer of flats and family houses at our portal. They will also find the auction terms and conditions here as well as all the details about what is necessary to be able to participate.

 

They can also obtain more information from representatives of the Gavlas and Professionals agencies. There will also be tours of the individual properties from those on offer for those interested up until the date the auction is held.

 

GAVLAS - auction and real estate agency was established in 1990. Over the years it has built up its position as one of the largest and most highly renowned Czech companies in the area of real estate on the entire territory of the Czech Republic.

 

It is one of the most important auction companies currently operating on the Czech real estate market. Gavlas is represented in Prague, Brno and Ostrava. It is a member of the Czech Association of Real Estate Offices (ARK) and a member of the International Federation of Real Estate Brokers (FIABCI).

 

The Professionals real estate agency

The Professionals real estate agency has been offering its clients complex real estate services since 1993 and thanks to its experience it is one of the most significant real estate agencies on the Czech market.

 

It specialises in providing complex services in the area of commercial real estate (leases, investment, market research, project development) and in the area of the sale of flats in new developer projects.

 

Professionals provides a wide spectrum of other services from marketing studies, project consulting, help when arranging financing through to legal services.