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Houses recorded the biggest average reduction at 7.8%, compared with 3.8% for apartments in communist-era prefabricated concrete panel buildings and 3.4% for brick-built apartments.
Budapest sellers conceded the least, averaging 3%, with discounts on panel apartments limited to 2.1%. Average reductions reached 4.6% in cities with county rights, exceeded 7% in smaller towns and stood at 8.3% in villages.
OTP Ingatlanpont expert Dávid Valkó attributed the trend to weakening demand as interest in the Home Start subsidized mortgage program gradually eased. He said any advance announcement of tighter eligibility conditions could temporarily encourage purchases and reduce bargaining room, before weaker demand potentially widened discounts again.
Despite the broader trend, some properties sold above their final asking prices, highlighting substantial differences across local markets and property types.
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