Buying property through e-auctions in Greece used to be something only banks, funds and a few seasoned investors did. Today, with online platforms and e-auctions, the door is open much wider, but so are the risks. iOwn steps into that gap, helping investors move from “this looks interesting” to “this is a measured, well-structured decision” based on proper due diligence and valuation.
Why online property auctions matter right now
Greek online property auctions bring three things investors care about: access, speed and price.
You get access to assets that never hit traditional portals, from city apartments and logistics sheds to hotels and development land. The process is faster and more transparent than older court-based auctions. And because many of these assets come from enforcement or restructuring processes, entry prices can be attractive compared to standard market listings.
That is the upside. The downside is that most of these properties are sold “as is” with limited access and little hand-holding. Without proper legal, technical and financial checks, a cheap lot can very quickly become an expensive problem.
This is exactly the space where iOwn operates, bridging the gap between a digital auction listing and a real-world, investable asset.
From listing to investment: iOwn’s three pillars
iOwn’s approach can be thought of in three clear pillars: unlocking opportunities, due diligence before you bid, and strategic bidding for success.
1. Unlocking opportunities in online auctions
The first job is not to “win” every auction. It is to identify which auctions are worth your time. iOwn screens opportunities based on:
- Location quality and long term fundamentals
- Asset type and demand drivers, such as residential, commercial, hospitality or land
- Alignment with your investment strategy, risk appetite and exit horizon
Instead of sending you a long list of random lots, the team acts as a filter. You see the properties that fit a clear brief, not everything that happens to be cheap.
2. Due diligence before you bid
Before any investor commits to a 30 percent guarantee deposit or presses the bid button, they need clarity on three fronts: legal, technical and value.
iOwn coordinates:
- Legal checks on title, encumbrances and the enforcement process
- Technical checks on planning status, building condition and potential violations
- Valuation work to benchmark the auction’s starting price against realistic market value
Because iOwn is a RICS regulated valuation and advisory boutique, their assessments follow international standards. This is especially important for banks, funds and institutional investors who must justify their decisions internally or to regulators.
3. Strategic bidding and post auction support
Finally, there is the actual auction day and what comes after it.
On the bidding side, iOwn helps you define your maximum price based on scenarios, not emotion. The goal is to stay competitive without drifting into winner’s curse territory. The team also helps you understand how specific platforms work, what happens if bids are placed in the last minutes, and how to avoid procedural mistakes.
If you win, iOwn remains involved on the practical steps:
- Coordinating with the notary on documentation and timelines
- Liaising with lawyers, tax advisers and engineers where needed
- Guiding you through payment, deed signing and registration
Support runs from first screening to final transfer, not just until the auction timer hits zero.
Tailored for different types of clients
iOwn’s work is not limited to one type of client or one type of asset.
For investors and financial institutions, RICS grade valuations and structured auction support feed directly into portfolio management and capital deployment strategies. Decisions on whether to acquire, hold or exit a property are easier when every asset is backed by consistent, comparable valuation reports.
Read here: RICS Property Valuation Process Explained
For private owners and buyers, the value is in clarity and protection. Whether someone is looking for a home, buying their first rental property or dealing with a legal or inheritance situation, they get a single point of contact who can explain the numbers, the risks and the process in plain language.
What ties all of this together is the combination of local market knowledge in Athens and Greece with the discipline of international RICS standards. iOwn’s team includes RICS Registered Valuers and commercial real estate surveyors based in Psychiko, covering both residential and commercial sectors.
Reading the market: from projects like Little Athens to niche assets
Projects such as new mixed use neighbourhoods and large scale redevelopments matter because they change the dynamics of whole submarkets. They create new price points, new demand patterns and new expectations around lifestyle and services.
For an advisory firm, understanding such developments is not just a marketing point. It shapes how they read comparables, evaluate long term potential and advise clients on where to position themselves.
The same analytical mindset applies whether the asset is a seafront apartment, a logistics warehouse, a hotel or a redevelopment site emerging from an e auction. The context around the property is often as important as the price on the platform.
Why partner with iOwn for your next auction move
Online property auctions in Greece are here to stay. They are an efficient tool for banks and institutions to dispose of assets and, increasingly, a powerful channel for investors looking for opportunities at scale.
To use that tool well, you need more than a login and a gut feeling. You need:
- Independent, RICS certified valuations that stand up to internal and external scrutiny
- Structured legal and technical due diligence so that “as is” does not turn into “what now”
- A partner that can guide you from first idea to final deed, not just provide a one off opinion
That is the role iOwn has chosen to play in the market, as a boutique, RICS regulated real estate valuation and advisory firm that treats each auction as part of a broader strategy, not a one off bet.
If you are considering e auctions as part of your investment play in Greece, starting the conversation with us can make the difference between chasing bargains and building a portfolio with purpose.
