[CLSTR]
< Back to situation

[REVISION HISTORY]

Ecuador Biess real-estate auction rollout

Updated 1 time since CLSTR started tracking revisions of this situation.

What changed

2026-07-29 02:41 UTC → 2026-08-25 15:54 UTC · added removed

Ecuador Biess real‑estate real-estate auction rollout

In late July 2026 2026, Ecuador's Banco del Instituto Ecuatoriano de Seguridad Social (Biess) began a nationwide auction of properties seized through co‑active co-active processes. The initial sale catalog listed included houses, apartments, land land, and commercial units chiefly units, primarily in Pichincha, Guayas Guayas, and Manabí, with base Manabí. Base prices starting were set at about $27,000 approximately $27,394 for a Quito apartment and $44,000 $43,646 for a Guayaquil house. The auction was scheduled to run through July and August, with buyers required to register online, qualify as “rematista,” To improve transparency and submit offers with a mandatory deposit. Two days later, accessibility, Biess launched a revamped digital platform for the same auctions (https://rematevirtual.biess.fin.ec). The fully online portal provides a (https://rematevirtual.biess.fin.ec) providing monthly property catalog, step‑by‑step guides and a user‑friendly interface aimed at greater transparency catalogs and accessibility. Registration now demands step-by-step guides. Bidders must register with a national ID, phone number number, and email, and bidders must post qualifying as “rematista” with a 10 % cash mandatory deposit (or 15 % of 10% in cash or 15% if financing is chosen). Technical assistance opting for financing. By late August, Biess had streamlined the applicant qualification period, reducing it from 25 days to one week. General Manager Marco Acosta stated this improvement is offered via social media part of a broader modernization initiative led by President Daniel Noboa. The updated digital portal now features a catalog of 64 properties in Guayas and email Pichincha, with prices ranging from $29,625 to help participants navigate $251,967. Between January and July 2026, the system. institution reported recovering $1.8 million through the auction of 39 properties.

Versions

  1. 2026-08-25 15:54 UTC Ecuador Biess real-estate auction rollout
  2. 2026-07-29 02:41 UTC Ecuador Biess real‑estate auction rollout

Only revisions since CLSTR began indexing content versions appear here. Select a version to see what changed compared to the one before it.