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Top News • 11 July 2007

Property auction notches up Lm1m sales in one day

The thirst for real estate showed no signs of abating when last week, Lm1 million in property sales were registered at a real estate auction at the Westin, in St Julians.
Malta Property Auctioneers sold 29 properties within one day at its auction, with general manager Daniel Debono claiming that most of the property was sold to Maltese citizens, rather than foreign buyers.
One particular property that started at Lm225,000 finished selling for Lm245,000. Other small properties such as 3-bedroomed apartments in Swieqi sold between Lm55,000 to Lm60,000.
“Selling property within a maximum time span of three months in my opinion is a success on its own merit, especially in today’s marketplace,” Debono said. “We have sold property within 10 days of actually listing, proving that more and more potential clients are looking for our properties and keeping updated on any new listings on our website. Four properties were sold prior to the auction, proving that although the competition is great, properties that are well priced and marketed in our way will sell.”

 

 





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