When does the starting price decrease?

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.