A Place in the Sun auction of Spanish property is taking place on Sunday, 13 December 2009 at London’s Radisson SAS Portman Hotel, W1.

The auction of key-ready properties on the Costa Blanca, Costa del Sol and Costa Calida will see around 60 lots brought to market at discounted prices of up to 50 percent and in some cases with no reserve price.

APITS Ltd, publisher of A Place in the Sun magazine, aplaceinthesun.com and organiser of A Place in the Sun Live, will partner with UK auction house Barnett Ross to present a range of property types to attract UK buyers back into the market.

The company believes the auction will stimulate the overseas property market in the UK and draw attention to competitively-priced property in Spain and the rest of the world.

Andy Bridge, managing director of APITS Ltd, said: “A Place in the Sun brings buyers and sellers together at our live events, through the magazine and the website, so the auction format is a logical and innovative extension of our business.

“A Place in the Sun Live at the NEC earlier this month was extremely successful and it feels like there is more of an appetite from the public to re-enter the property market. We hope this auction will build on that success to get things moving again.”

Jonathan Ross, auctioneer at Barnett Ross, said: “We see a real opportunity here. In 2007/08 we sold 17 of 18 Portuguese lots at auction and therefore are keen to explore the overseas market again. Our experience and expertise will help A Place in the Sun run what should be a fascinating event.”

Agents have been invited to submit properties on behalf of developers with strict selection criteria to ensure buyers get a genuine bargain in a development that is completed.

“In addition most of the properties are within 40 minutes of an airport and just minutes from a beach.”

For more information log onto: www.aplaceinthesun.com

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