The properties include lots, houses, condos, apartments and unfinished developments which form part of Banco Nacional de Costa Rica’s assets, repossessed from customers who defaulted on their loans.
An article by Juan Pablo Arias in Nacion.com explains that "’The level of participation was not as expected, this is a new procedure in Costa Rica’, said Miguel Fiatt, representative of the chamber, who also commented that ‘in the bidding there were only 15 people eligible to be granted any of the properties.' "
The organizers said a new auction will be scheduled for December, with a portfolio of properties to be offered with a base price of 50% of the appraised value.
Source: Nacion.com
More on this topic
September 2011
Between September 13 and 21, Banco Nacional will auction 70 properties on the Internet.
The platform for electronic auction - www.subasta-cccbr.com was presented by the Costa Rican Chamber of Real Estate and Banco Nacional.
Chévez Diego, director of Banco Nacional 's assets told Nacion.com, "The auction goes online today (12 September) worldwide, the first properties we have for investors will appear here.
August 2011
Using an electronic procurement system, Mer-Link, the government will promote a 'Dutch auction' or auction to buy at the lowest price.
Alicia Avendaño, director of the Technical Secretariat of Digital Government, told La Prensa Libre, that they will start with an online auction after the first week of September. This procedure has not been previously applied at the level of state purchases.
July 2011
On July 29 and August 5, the Instituto Costarricense de Electricidad (ICE) will auction 60 vehicles and a batch of scrap.
The auction for the lot of scrap is scheduled for July 29 and the vehicles for August 5, the Director of the Technical Secretariat of Digital Government, Alicia Avedaño told La Prensa Libre.
May 2012
The tenth edition of the online auction ‘Cup of Excellence’ will include 41 lots and 67 samples of the best coffees.
The purpose of the competition is to identify exceptional coffees lots for auction online. The panel of judges is composed of 18 international tasters, two national and six international observers, who will select the winners, reported Prensalibre.com.
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