ECONOMY

Nine properties to be auctioned next week

The Greek state’s online platform www.e-publicrealestate.gr will auction off nine properties across the country on October 7 with a combined starting price of about 11 million euros.

The property expected to fetch the most is on Mitropoleos Street in central Athens, with a starting price of 3.5 million euros, while the lowest-priced asset is a property at Limni on Evia, at 150,000 euros.

According to a statement from state privatization fund TAIPED, this is the first time in an online auction that the asking prices have been determined on the simultaneous opening of the first offers and electronically submitted valuations.

Originally TAIPED had planned to auction off 13 properties, but four of them failed to draw adequate interest.