A Professional Property Service thriving in an Unstable Economy

Global Property and Fine Art Auctions have thrived in the last few months despite the general financial crisis, showing that Auctions are immune from tough economic failures.

Selling or purchasing by Auction has, for centuries, been one of the most efficient methods for capital growth. Prospective purchasers who hold Capital and Property Investors can benefit from Property Auctions in times when the economy is unstable, since they can invest their funds and capital in the most secure way, that of real estate.

The expertise of Professional Auctioneers in choosing the eligible properties in all aspects to be sold on Auction and the assessment of the reserve prices is of prime importance for the conduct of the Auction and knowledge of the property market can have a dramatic effect on the success of each Auction. This is one of the major aspects that the Auction Team of Harrison Property Auctioneers (Cyprus) Ltd advances in offering its professional services to clients and investors. The Legal Team of Harrison Property Auctioneers (Cyprus) Ltd is comprised of Professional Lawyers holding a professional practicing license in Cyprus and has been appointed to be mainly responsible for carefully examining the legal status and for performing all the necessary professional searches at the relevant authorities for each property to be sold on Auction, thus safeguarding each potential purchaser from any risk associated with the legal status of each property. Furthermore, they can offer legal professional services to clients ensuring that the Auction Rules and Procedures are adhered to by all parties, making the Auction procedure a very pleasant experience.

The Team’s invaluable experience in the Cyprus Property Market and skill is also a vital ingredient in the healthy conduct of the Auction and their ultimate weapon is the correct use of a reserve price and their ability to decide whether to sell or not to the highest bidder, if in their view a reasonable value has not been obtained for each Lot. The ability and expertise of an auctioneer is in fact a gift and the role requires intense concentration during the Auction. The skills required take years to be achieved and Harrison Property Auctioneers (Cyprus) Ltd are proud of being the First Property Auctioneer Company conducting private Auctions in Cyprus. The success rate of the Auctions has literally been improved with time and the HPA has become very popular for its professionalism on the island of Cyprus and other jurisdictions such as Germany and Greece.

Auctions are becoming increasingly popular with investors, builders, developers and property owners, around the Globe. More people are turning to auctions to buy and sell rather than using alternative services to achieve a positive result because of the simplicity and the speed of the process and due to the fact that properties are usually available at competitive prices. The Lots come from a variety of sources including Private Sellers, Companies, Investment Funds, Agencies and Banks.

The present economic times require a different approach for the conduction of property sales and it can be estimated that there will be a marked increase in buying power in property auctions in the near future. Auctions have become more transparent and open and Auction Venues are an ideal place to find properties at competitive prices and safeguard your Investment.