In the vast majority of cases, personal and economic dramas lurk behind bankruptcies. Where there is shadow, there is usually light. Because everyone can get bargains at the district courts of this country. Krone+ explains how you too can get affordable real estate in this way.
No crying widows, no fat businessmen: the bargain hunters were in suits at the Leopoldstadt court in Vienna. The object of desire? An apartment on Nordwestbahnstraße with an estimated value of 290,000 euros. Initial starting price: 145,000 euros. The only problem: the doorman had already put an end to the hope of a good real estate deal: “The foreclosure auction has been cancelled,” he told those present. Heads hanging. Not an isolated case. Two days later, an auction at the Hernals court was also cancelled.
Source: Krone
I’m Ben Stock, a journalist and author at Today Times Live. I specialize in economic news and have been working in the news industry for over five years. My experience spans from local journalism to international business reporting. In my career I’ve had the opportunity to interview some of the world’s leading economists and financial experts, giving me an insight into global trends that is unique among journalists.
