Online auction house keeps sales on the move throughout pandemic

Faced with an unexpected situation, BidX1 dug into the data, quickly found that buyers were willing to go ahead with transactions and adapted accordingly

13th December, 2020
Online auction house keeps sales on the move throughout pandemic
Quartiere Bloom on Lower Ormond Quay in Dublin 1: sold in mid-April for €1,042,000

Towards the end of April, we were facing something of an information vacuum in the property industry.

The market had come to a standstill, the SCSI and RICS were recommending the inclusion of a ‘material uncertainty’ clause in property valuations and the term ‘comparables’ was essentially a misnomer – nothing was comparable.

At BidX1, we were not facing many practical impediments to selling because our model is based around online property...

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