Tashkent, Uzbekistan (UzDaily.com) - Resolution of the Cabinet of Ministers “On the procedure for selling property converted to state income through the electronic trading store “E-auksion shop” inline with simplified auction principles” was adopted.
The order does not regulate the implementation:
food products;
motor vehicles;
real estate.
According to the document:
to participate in the auction you must register on the platform. The mortgage amount is 5% of the starting price of the property being sold;
trading begins at 10:00 o’clock on the day following the announcement in the electronic store and continues for 5 working days, until 18:00 o’clock on the last working day;
auctions are held if there are at least 2 participants;
the starting price is determined by the customer.
The following auction step sizes are set:
the first four steps – in the amount of 5% of the starting price;
the fifth and subsequent steps - in the amount of 3% of the starting price.
When setting the starting price in excess of 2,000 sizes of basic estimated value, all auction steps are set at 2% of the starting price.
The auction winner is sent a protocol on the results of the auction with a QR code on the next working day after full payment of the cost of the lot through his personal account.
If the lot is not sold within 2 months from the date of notification of the auction, repeated auctions can be organized with a gradual decrease in the starting price (but not more than 50% of the original price).
The winning bidder must pay the cost of the lot within 3 business days.