Demand for homes over HUF 60 mln edges up
Sales of homes priced at over HUF 60 million, or about €200,000, accounted for a little more than 4% of all residential property transactions in Budapest in the first half, data compiled by real estate brokerage Duna House show, according to a Monday report by Hungarian news agency MTI.
The proportion of such properties was up about half a percentage point from the same period a year earlier.
Sales of flats priced over HUF 60 mln made up a little more than 3% of the total, up almost a full percentage point from a year earlier.
The proportion of sales of homes in the price category was over 15% in the capitalʼs leafy District II and District XII, as well as in District V and VI in the city center.
About four in ten home buyers in the price category made their purchases as an investment. The same number aimed to move into a bigger home. About 10% were first-time home buyers.
The average age of the buyers was around 50, Duna House said.
SUPPORT THE BUDAPEST BUSINESS JOURNAL
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.