Apparently the Czech Republic has a following for real estate auctions. The link below is to an article today about Nazos - a real estate auction company that is doing online/internet auctions. It will be interesting to see how many other eastern european countries gain momentum with auctions as the premier way to transact real estate deals.
Other countries I'm aware of that have a significant market share of auctions as the way for real estate transactions:
- S. Africa
- Australia (our fellow AR Tony Fountain = real estate auctioneer)
- New Zealand
- China has an up & coming contingency of real estate auctioneers
AuctionFirst specializes in real estate auctions and has offices in TX, NC, VA, DC & MD.