The State Enterprise “SETAM” (Ministry of Justice) has sold property worth over UAH 21 billion at the OpenMarket electronic auction. Since 2014, more than 81,000 successful auctions have been held.
Due to competition at the auctions, sellers received an additional UAH 2 billion. The average price increase for sold lots is 11.4%.
The auction user base is one of the largest in Ukraine. Today it includes more than 98 thousand participants, and new ones are added every day. Most lots (66.9% of the total) were sold at online auctions by the State Enforcement Service and private executors.
Among the categories of property sold, real estate and vehicles were the most popular.
“The new billion in sales proves that our auction is intuitive and convenient for buyers. And we continue to improve it, engage new partners and actively work with the existing ones: the State Enforcement Service, private executors, banks and others. Currently, the site has more than 1,000 active auctions and new ones appear every day,” said Oleksandr Mamro, CEO of SE SETAM.
The OpenMarket auction (SE SETAM of the Ministry of Justice of Ukraine) is a simple and effective means of selling and purchasing property via the Internet. The online auction has been operating throughout Ukraine since 2014. The total amount of sales since its launch is UAH 21 billion.
