What is eauction.gr?
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.
How do I register on the platform?
- 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.
How can I participate in an auction?
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).
What is the guarantee deposit?
The participation guarantee equals 30% of the starting bid price. It is refundable if you are not the winning bidder.
When and how are auctions held?
- 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).
How does the bidding process work?
- 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.
How do I know if I won the auction?
After the auction closes, the final ranking is displayed, and the highest bidder (ranked 1st) is declared the winner.
Are there tools or protections available?
- Overbidding Protection: prevents accidental bids exceeding twice the current or previous offer.
- Help Mode: provides explanations at each stage of the auction.
