FAQs

The prospective bidder, either a natural or legal entity, shall follow the registration procedure on the website of IL.SY.PLEIS (e-auction) ‘"Registration" (Home Page => e-auction => Bidder Registration) after studying the "Terms of Use" on the participation in electronic auctions. The "Terms of Use" can be found on the "Registration Page" (Bidder Registration => Terms of Use). The "Terms of Use" are available on the website.  

Depending on the legal form of the prospective bidder, the following shall apply:  Legal representatives of legal entities or natural persons who hold a Greek Tax Identification Number shall be confirmed by their credentials maintained in the TAXISNET system of the General Secretariat of Information Systems. After confirmation, their registration in the system is approved.  Legal representatives of legal entities or natural persons from Member States of the European Union as well as citizens of third States acting as legal representatives of legal entities shall submit an electronic application for registration via the website and shall be identified by entering the power of attorney granted to them, officially translated in Greek and either a written declaration in the form of a pdf file digitally signed by, with its official translation in Greek, or a sworn attestation or certificate in the form of a pdf file with an official translation in Greek, by which [documents] proof of registration under a professional or commercial registry is provided; The documentation must then be filed at the office of the competent electronic auction officer within three working days and in paper form (original or true copy);After identification, the competent electronic auction officer shall approve their registration with the system.  Natural persons from third States shall submit a request for registration electronically via the website concerned and shall be identified by providing uploading a file in pdf format containing a scanned copy of an identity card or passport in force with an official translation in Greek and declaration in pdf file format digitally signed, with an official translation in Greek with regards to the correctness and validity of the data submitted to the registration platform. presented within three working days and in paper form (original or exact copy) in his office competent electronic auction officer. After identification, the competent electronic auction officer shall approve their entry into the system. The documentation must then be filed at the office of the competent electronic auction officer within three working days and in paper form (original or true copy); After identification, the competent electronic auction officer shall approve their registration with the system.   

If you are a natural or legal entity who has a Greek TIN, then in order to register with IL.SY.PLEIS you must choose to be re-directed to the Independent Public Revenue Authority website (General Secretary of Information Systems - GSIS). After submitting the TAXIS-net credentials, you will be returned to IL.SY.PLEIS for registration completion. Following a successful identification, the bidder's registration is approved and the IL.SY.PLEIS member`s credentials generation process is activated. The Prospective Bidder – either as a natural person or a legal entity - is then forwarded to the corresponding registration page. Once the minimum mandatory fields are filled in and you accept the “Terms of Use” of the website, a phone and email confirmation takes place and then the registration process is completed.  The "Terms of Use" are listed on both the "Registration Page" and the Home Page of eauction.gr.  

Visitors of the website (whether registered or not), may browse and search for detailed information about the electronic auctions from the start page of the website and under criteria, such as,  The Auctioned Asset: Real Estate, Other, Movable Property Should the user choose “Real Estate” from the list, the Prospective Bidder may then choose among the following,         Residency         Other Commercial Property         Store         Office         Parking area         Warehouse         Industrial Building         Plot         Plot with building         Farm Land with building         Farm Land with building         Hotels  By then selecting the “Regional Unit” tab the Prospective Bidder may choose the region in which the item is located, such as Attica Central Greece Central Macedonia Crete Eastern Macedonia and Thrace Epirus Ionian Islands North Aegean Peloponnese South Aegean Thessaly Western Greece Western Macedonia    while also having the option to search by Municipality of their preference. By choosing “Movable Property” the dropdown list specifying the “Type of moveable property” is activated, allowing the prospective bidder to choose from the following: ‘Ships’ which then shows a further option in the “Type” field, namely Bulk cargo Tanker – LPG Passenger ship – Ferry Yacht – Cruiser Other type of moveable property Further auction details provided to the website visitor consist of,  The auction status (cancelled, conducted, finalized list of eligible bidders, open, posted, ready to be conducted, suspended) The auction conduction date and time; The debtor’s name and surname/ company name; The name and surname / company name of the person forcing the auction; The asset type; The starting bid; The date the asset was posted; The unique auction code (If it refers to a part of an auction, the unique code of the main auction is also mentioned)

The registered Candidate Bidder may create their own auction list based on their criteria for future reference or participation application.

You will need to register as a member (prospective bidder) in order to apply for participation in an auction.  Follow the detailed procedure as follows:  Registered Prospective Bidders enter the website as a member (IL.SY.PLEIS Home Page =>Login) Users may then choose the auction of their preference from the list of auctions shown on screen and select “More” for the complete auction details. At the bottom of the page, users can click on the “Application Form” tab. Having accepted the “Terms of Use”, users then click on the “Submit Application” tab. The Prospective Bidder may at this point enter the Procedural representative`s data, if there is such. After clicking on “Submit Application”, a message appears informing the Bidders that their application has been successfully submitted and the Auction Employee`s approval is now pending

The "Application Form" must be submitted prior to the commencement of the auction and within the designated time as applicable.  

The required documentation in order to participate are defined in the relevant law, whilst also depending on the legal form they have with regards to the registered candidate’s country of origin.   

The original documents proving eligibility for the participation in the auction should be submitted, in paper form, to the Auction Employee's office, within the designated timeframe, as applicable. The Auction Employee is not responsible for the rejection of a prospective bidder from the auction, in the event of a delayed submission the eligibility documents for the participation, for any reason whatsoever.  

Within the statutory time limit as applicable and after verifying the eligibility conditions and certifying the payment of the participation guarantee, the Auction Employee approves the bidder`s application for participation. Following approval, the prospective bidder is informed by an email sent via IL.SY.PLEIS about the right to participate in the auction,   

The “Starting Bid” is the price of the auctioned asset to which a bid of at least 1 € in excess must be made by the registered Prospective Bidders when the auction starts, in order to have a valid first bid.  

electronic auctions take place on Wednesday, Thursday and Friday, from 10:00 am until 14:00 or from 14:00 until 18:00.  

Yes, it may; If a bid is placed during the last minute of the electronic auction, i.e. from 13:59:00 to 13:59:59 or from 17:59:00 to 17:59:59, a five (5) minute extension is set. For each bid submitted during the last minute of the extension, a further five (5) minute extension is provided, should a higher bid have been placed. Extensions may only be granted for a maximum of 2 hours after the originally designated end time of the electronic auction, at which [time] all bidding ends.  

The competent Auction Employee may - at his own discretion – suspend or cancel an electronic auction. In this case, the registered Prospective Bidders are accordingly notified of this action by message.  

The electronic auctions conducted are of an Open Type during which consecutive bids are made. Bidders continuously submit bids in excess of the highest bid at that point, and until the end of the auction.  

A bid must come in the form of a positive rational, decimal number with a maximum of two decimals following the decimal point [dot].  

The minimum bid increment value (bid) must be at least 1 euro (1,00€) higher than the numerical value of the current bid, that is of the ‘highest bid’.  

The system allows for the submission of a bid. In the “Add new bid” field, the participating Prospective Bidder may enter the bid and click on the “Bid Submission” button.  

After the "Bid Submission" option is selected - and prior to final submission - the system prompts you to confirm the bid price to be submitted. If you confirm this, the bid price is submitted and a message of successful placement appears, whilst the bid becomes binding.  

Following a successful bid, the participating Prospective Bidder is re-ranked, and the bid appears on the relevant auction page.  

Yes, there is; Due to short or longer delays in your connection or your network and / or Internet in general there is a delay from the time you submit your bid until it is registered in the system’s database and counted. The time at which the bid is submitted to IL.SY.PLEIS shall be deemed to be the time when the offer is registered in the IL.SY.PLEIS database. In any case, it is strongly recommended that you should consider the above-mentioned conditions, for the timely submission of your bids.  

It is rather precarious to place bids marginally at the ending of the auctions or their extensions, as due to short or longer delays in your connection or your network and / or the internet in general, the bid may reach the database after the expiry time of the auction and therefore be characterized as past due. It should be noted that the time stamp of each bid on IL.SY.PLEIS, is deemed to be the electronic registration of the bid in the database of IL.SY.PLEIS.  

After the end of the bidding, the participating prospective bidder can no longer submit bids. On the monitoring and bidding screen, the user will see the Current Price - which now corresponds to the sale price -, the Last Bid submitted by the user and the user’s Ranking.  

Once the procedure has ended on the monitoring and bidding screen, the bidder will be able to see, in detail, the bids submitted by him. All who have taken part in the electronic auction shall be informed without delay of the outcome of the auction.  

At the end of the bidding procedure, and in accordance with to the foreseen time limits, the Auction Employee redacts the report of par.2 of article 965 Code of Civil Procedure, awarding the asset to the winning bidder. Every participating Prospective Bidder may contact the Auction Employee, and request for a copy of the conduction report or apply accordingly for any other information.