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Oeiras sells 6 terrains for €14.5M
04 November 2019 | Ana Tavares

After two auctions without any interested parties, the Oeiras municipality, in Portugal, sold the terrains located at Pedreira dos Húngaros for 14.5 million euro to Índice Plural.

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The six terrains have areas between 2.055 sqm and 3.713 sqm (for total combined area of 14.363 sqm) where more than 100 dwellings should be built, according to Portuguese newspaper Público.

With an opening bid of 14 million euro, the auction, which took place last week, lasted for about 5 minutes and only had two bidders.