The Ciudad Bank is set to auction five previously unclaimed properties in Buenos Aires, which includes one house and several apartments. The auction will feature a range of properties from one to two rooms, located in prominent neighborhoods such as Monte Castro, Palermo, Balvanera, Villa Gral. Mitre, and Boedo. Four of the properties will be auctioned on March 27, while one, a three-room apartment in Boedo, will be auctioned on April 9.

These online auctions are designed to allow participation from interested parties across Argentina, broadening the access to potential buyers. The auctions are an initiative by the Ciudad Bank and are conducted on behalf of the Buenos Aires Attorney General's Office. Details about each property, including a description, area, price, and photographs, can be found on the auction platform. Interested buyers must register at least 48 hours before the auction begins, ensuring that they have sufficient time to prepare their bids.

The sale of these properties represents an opportunity for investment, especially considering starting bids as low as U$S 19,400. This initiative not only helps clear vacant inheritances but also provides affordable housing options for potential buyers in a competitive real estate market. It's a unique chance for first-time buyers or investors to acquire real estate in Buenos Aires' diverse neighborhoods while contributing to the local housing market dynamics.