Online property raffles become more popular these days.
If you haven’t yet come across one, the idea is very simple. A private individual wanting to sell their propery set up a raffle web site where anyone can buy a ticket for say 99 Euro
While it is illegal in most european counties, it is still possible in Spain and the canary islands and our company (canariasdata.com) has been contracted already two times the last week to build web sites for online property raffles for two of our clients, one traditional real estate agency discovering the new marked and a private individual wanting to sell his own property on Lanzarote.
Involved in this work, we discovered that it is not so easy to get this kind of business running the legal way and that a lot of money must be in the sellers background for advertising his raffle on the TV and radio stations, local and nation wide Newspapers and magazines as for a 500.000