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8 apartments without heirs are auctioned in various Buenos Aires neighborhoods: how to participate in the auction


The auction of properties without heirs is carried out for homes located in 6 Buenos Aires neighborhoods
The auction of properties without heirs is carried out for homes located in 6 Buenos Aires neighborhoods

For those with savings available to purchase a property, Banco Ciudad offers an opportunity through an online auction. The financial institution announced that the auction of properties without heirs will take place on October 25, starting at 10 a.m.

This online auction of properties with vacant inheritances includes 8 properties (seven apartments of 1, 2, 3 and 4 rooms, and a house-type apartment), located in the Buenos Aires neighborhoods of Boedo, Balvanera, Pompeya, San Cristóbal, Recoleta and Palermo.

Banco Ciudad carries out the appraisal, exhibition and sale by public auction of CABA real estate with vacant inheritances through the modality of online auctions, 100% digital, through an agile and secure platform that promotes accessibility and expands the participation of potential bidders at auctions, obtaining better results for the Permanent Educational Fund, to which the income from sales made is allocated.

The catalog for the next auction is now available on the bank’s website (subastas.bancociudad.com.ar). Those interested must register up to 48 business hours before the start of the event. Participation requires a guarantee deposit corresponding to a percentage of the base value of the property you wish to acquire (an amount that will be returned in full if you do not bid or if the offer is not a winner).

On the indicated date and time, the application of offers will begin through the bank’s portal. Bids must be made only through the auction site.

Each bidder may make the number of bids it considers necessary until it is awarded or exceeded, during the duration of the public auction.

The same bidder may make more than one offer for the same good, the one with the highest value always prevailing. All offers made are irrevocable and irretractable. Offers cannot be annulled and/or canceled in any case, and will only be rejected when they are surpassed by another offeror. During the procedure, offerors will be able to observe in real time the evolution of the offers made, in amount and position.

Each offer made during the bidding must exceed the previous offer, whether its own or that of another bidder.

Once the auction has been carried out and each property has been awarded, the buyer will make the corresponding payments in Argentine pesos, in accordance with the price of the BNA seller-type dollar bill, according to the conditions of sale of each property found on the Auctions website of the City Bank.

One of the properties is on Avenida Santa Fe at 1700 and is a historic building (Google Street View)
One of the properties is on Avenida Santa Fe at 1700 and is a historic building (Google Street View)

The funds secured as guarantee will then be returned. The total integration of the balance will be carried out within the deadlines established by the writing times, which will be led by the Attorney General’s Office.

1. Those interested must have an electronic device such as a tablet, notebook, PC, smartphone or similar with a WIFI connection.

2. Register as a user in “Login” (the credentials are the same as Self-Management).

3. Admission to the Auction.

4. Read Conditions of Sale.

5. Transfer the security amount that enables you to participate.

6. Reception of the authorization email to be able to bid.

Below are the properties that will be auctioned on October 25.

– Syrian Arab Republic 2827: 3 room apartment. Surface: 123.96 square meters. Base: USD 337,000; escrow deposit, USD 10.11; closing time, 3:15 p.m. Exhibition: 11/10 from 9 a.m. to 12 p.m.

Another of the properties located in the Syrian Arab Republic at 2800
Another of the properties located in the Syrian Arab Republic at 2800

– 1721 Santa Fe Avenue: 3 room apartment. Surface: 90 m2. Base: USD 226,150; escrow deposit: USD 6,784; finishing time; 13 hours. Exhibition: 06/10 from 9 a.m. to 12 p.m.

Pueyrredon Avenue 1329: 4 room apartment. Surface: 89.86 m2. Base: USD 194,309; escrow deposit: USD 5,829; finishing time; 2:30 p.m. Exhibition: 10/10 from 9 a.m. to 12 p.m.

Carlos Calvo 3429: 2 room house type apartment. Surface: 67.93 m2. Base: USD 58,600; security deposit: USD 1,758; finishing time; 10.

Juan D. Peron 1936: 2 room apartment. Surface: 30.81 m2. Base: USD 48,407; security deposit: USD 1,452; auction time: 10.45.

Another of the properties is located in a building on Avenida Pueyrredón at 1300
Another of the properties is located in a building on Avenida Pueyrredón at 1300

– Abraham J. Luppi 930: 2 room apartment. Surface: 32.84 m2. Base: USD 41,701; security deposit: USD 1,251; auction time: 11.30.

– Venezuela 2360: 1 room apartment. Surface: 21.66 m2. Base: USD 39,200; escrow deposit: USD 1,176; auction time: 12.15.

– Avenida Luis María Campos 465: 3 room apartment. Surface: 85.13 m2. Base: USD 236,950; security deposit: USD 7,108; auction time: 1:45 p.m. Exhibition: 09/10 from 9 a.m. to 12 p.m.



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