BidX1 has become Foxtons’ exclusive auction partner. The two firms initially joined forces in February when Foxtons began listing selected properties in London and the South East on BidX1’s digital platform. Following the success of that early collaboration, with more than 40 joint sales and approximately €20m in total sales value, the announcement marks the beginning of a longer-term partnership.
BidX1 currently operates across five markets – the UK, Ireland, South Africa, Spain and Cyprus – and has long championed an innovative approach to property transactions.
Stephen McCarthy, Founder & CEO at BidX1, commented, “The demand for a more modern, digital approach to property sales is growing exponentially. The platform provides certainty in terms of deal execution, transparency throughout the entire process, and powerful real-time data to inform decision-making across the full sale cycle.
“Combine this with our platform’s global investor audience, who are actively seeking cross-border investment opportunities, and it’s clear that we are uniquely placed to complement the expertise and experience of market-leading firms like Foxtons.”