ADVERTISEMENT

Original offer prices on residential properties up 3%

Residential

Image by Pexels

Advertisers of residential property for sale raised original offer prices by an average of more than 3% earlier this year, according to profitline.hu.

This is unlike previous years when owners and realtors reduced prices after posting ads. In Budapest, the price of more than 34% of the residential properties on offer increased in the first six weeks of 2022, compared to less than 20% in recent years.

In the market outside Budapest, such as cities with county status, more than 40% of the sellers increased the price compared to the original, while in previous years, 22-30% of them decided to do so.

ADVERTISEMENT

Czech economic confidence improves in May Analysis

Czech economic confidence improves in May

Ministers in new Orbán gov't sworn in Parliament

Ministers in new Orbán gov't sworn in

Spring’s allergy season - the heat is on Interview

Spring’s allergy season - the heat is on

Airport bus fare could rise to HUF 1,500 City

Airport bus fare could rise to HUF 1,500

SUPPORT THE BUDAPEST BUSINESS JOURNAL

Producing journalism that is worthy of the name is a costly business. For 27 years, the publishers, editors and reporters of the Budapest Business Journal have striven to bring you business news that works, information that you can trust, that is factual, accurate and presented without fear or favor.
Newspaper organizations across the globe have struggled to find a business model that allows them to continue to excel, without compromising their ability to perform. Most recently, some have experimented with the idea of involving their most important stakeholders, their readers.
We would like to offer that same opportunity to our readers. We would like to invite you to help us deliver the quality business journalism you require. Hit our Support the BBJ button and you can choose the how much and how often you send us your contributions.