Used homes in Hungary were overpriced by an average 13% in Q1, meaning they were sold for 13% less than the starting price, an analysis by real estate broker Otthon Centrum shows.
The report shows that house prices went down 18.7%, where the seller first cut 8% at making the offer and the buyer bargaining for a 10.7% cut later.
Prefabricated apartments saw a 8.8% price difference, while brick homes saw 12.6%.
Producing journalism that is worthy of the name is a costly business. For over 30 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.
