Invest in the new Stocket residential development in Traunreut - all information about the changed bidding process.

Invest in the new Stocket residential development in Traunreut - all information about the changed bidding process.

According to a report by www.chiemgau24.de,

The real estate market in Traunreut continues to be strongly influenced by the new Stocket residential development. Of the 100 available properties, only a few remain. The city of Traunreut has now decided to initiate a modified bidding process in order to expand the circle of potential interested parties. This could have far-reaching effects on the real estate market in the region.

The procurement committee has decided that legal entities such as property developers can now also take part in this process. There is also the option of purchasing multiple properties. Due to certain conditions, such as the obligation not to sell the property within the next 15 years, there is a discount of 22.50 percent on the standard land value. These changes could lead to increased demand for the remaining properties.

The information and costs for the bidding process will be published on the city of Traunreut's website on December 11, 2023. Interested parties can then submit bids for the properties until January 19, 2024. The building areas offered are exclusively plots for terraced houses.

These new developments could lead to increased interest from investors and potential buyers as the expanded participation opportunities and discounts offer attractive incentives. The real estate market in Traunreut could change significantly in the coming months as a result of these developments.