Although the beginning of this year brought some upswing in the domestic real estate market, the degree of overpricing did not decrease; in fact, the owners of properties for sale may have become even bolder in their pricing due to growing optimism and state subsidies.
The difference between advertised and real sales prices is still significant; it is difficult to find properties advertised at real prices on real estate advertising portals, said Viktória Pagács-Tóth of Balla Ingatlan.
According to her, private individuals advertising on these platforms are entirely unaware of the market situation whilst also pricing in their emotional attachment to the property.
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