eauction.gr is the official online platform for property auctions in Greece, including foreclosure and judicial sales. All electronic property auctions are conducted exclusively through this portal.
With a Greek Tax ID (AFM): Log in using your TaxisNet credentials and activate your account via SMS.
Without a Greek AFM: Select an auction, fill in your personal or company details, and register as an individual or legal entity. Registration is approved by the Auction Officer and confirmed via SMS.
To participate, you must:
Submit a Participation Request for the auction of interest.
Pay the participation guarantee (30% of the starting bid) to the notary’s designated account.
Upload all required documents before the submission deadline (at least three working days before the auction).
The participation guarantee equals 30% of the starting bid price. It is refundable if you are not the winning bidder.
Auctions take place Wednesdays, Thursdays, and Fridays, starting at 10:00 a.m. or 2:00 p.m.
Typical duration is 2 hours, with automatic 5-minute extensions if bids are placed in the final minute (up to 12 extensions, total 1 hour).
Submit bids directly on the platform.
Real-time updates show the current highest bid and your ranking.
Stay attentive to the auction status, last bid, ranking, and remaining time.
After the auction closes, the final ranking is displayed, and the highest bidder (ranked 1st) is declared the winner.
Overbidding Protection: prevents accidental bids exceeding twice the current or previous offer.
Help Mode: provides explanations at each stage of the auction.
If an auction is unsuccessful due to lack of participation:
Third auction: Starting price automatically reduces by 20%.
Fourth auction: Starting price further reduces to reach a 35% total reduction from the original price.
Example: A property starting at €1,000,000:
Third auction: €800,000 (20% reduction)
Fourth auction: €650,000 (35% total reduction)
These reductions are automatic and do not require court intervention.
Once the property is awarded to the highest bidder, the following steps must be completed:
a) Payment of the winning bid and expenses
Deposit the remaining balance within 10 business days.
Pay the eAuction platform fee (€350 or €100 depending on starting price).
Cover other associated costs (property transfer tax, notary fees, lawyer fees if applicable).
b) Auction Award Report
The notary drafts the report documenting all bids and officially designating the winner.
The summary of the award report acts as the legal title, required for registration.
c) Property Registration at the Land Registry
Register the notarial deed at the Land Registry or Mortgage Office.
Pay the cadastral registration fee.
Registration formally transfers ownership.
d) Handover of the property
The new owner can take possession in coordination with a lawyer and court-appointed officer.
Under Article 1009 of the Greek Civil Procedure Code (Κ.Πολ.Δ.) (January 2022 onwards):
Residential or commercial leases can be terminated by the new owner:
6 months if there is an officially dated lease.
2 months if no officially dated lease exists.
Key points:
The new owner may request eviction after the relevant period.
Termination applies only after registration of the property transfer at the Land Registry or Mortgage Office.
Exceptions exist (e.g., tenants in vulnerable social groups), so consult a legal advisor.
