Digital agency, Victoria Real, has partnered with Lighthouse Spain to launch the Lighthouse Auction Room website (www.lighthouse-auctionroom.com). The website allows investors to snap up bargains and vendors to sell quickly in the first 100% online Spanish property auction.

The Lighthouse Auction Room works in a similar way to eBay, allowing people to view pictures of the properties available in the auction and monitor the bids placed on them. On the website, buyers can view all the details of the property, their current bid value, the market value and the time left to bid. Each property remains in the Auction Room for two weeks, with new properties added on a rolling basis.

Miles Welch, Managing Director, Victoria Real, says: “We are very excited to be involved in this project. The concept behind this site was unique. Property auctions are suited to the immediacy and interactivity that the internet provides, allowing buyers to monitor their bids on the properties in real time.”

Shaun Powell, Managing Director, Lighthouse Spain, comments: “Our partnership with Victoria Real is a natural choice. We have the knowledge of the property market in Spain and we knew we could rely on their expertise to ensure a great look and feel to the website, and all the functionality required to ensure that visitors have a stress-free experience when bidding.”

All properties on the Lighthouse Auction Room have a reserve price of at least 20% below the current market value and bidding on each property is open for two weeks. Buyers can also be reassured that all auction properties are listed and sold by Lighthouse-affiliated estate agents who adhere to a strict code of ethics to ensure fairness and transparency in the Spanish house-buying process.

www.lighthouse-auctionroom.com

Notes for Editors:

Victoria Real is a creator of pioneering interactivity. Established in 1990, the company has expertise across all digital platforms - principally web, interactive digital TV, and mobile – and is one of the UK’s leading interactive agencies. Its client portfolio includes the BBC, Teachers’ TV, The Scottish Parliament, BSkyB, Penguin UK, Lighthouse-Spain, Camelot, Ladbrokes, Channel 4 and Five.

Victoria Real is part of the Endemol UK. The two companies work closely on a range of projects such as Big Brother (Channel 4; E4), Comic Relief Does Fame Academy (BBC ONE), The Farm (Five) and The Match (Sky One).

www.victoriareal.com

Lighthouse Spain

Lighthouse Spain launched in January 2005, with a head office in Bedfordshire and offices in the Costa del Sol and Costa Blanca. It works exclusively with an established network of 100 estate agents in Spain who adhere to a code of ethics, rules and regulations to protect buyers.

www.lighthouse-spain.com

Contacts:

Olivia Harris
Account Manger
Victoria Real
020 8222 4595
olivia.harris@victoriareal.com

Chrissy Dawson
Marketing Manager
Lighthouse Spain
01582 635 676
chrissy.dawson@lighthouse-spain.com

Published on: 12:00AM on 29th September 2005