Coronavirus gives buyers better bargaining position
Another result of the current epidemiological situation is that home buyers are in a better bargaining position than before, says origo.hu.
According to Otthon Centrum’s first quarter report, roughly 4% of the price of flats in Buda and up to 10% of the value of detached houses in smaller settlements can be negotiated.
The emergency hit just as the housing market was waking up from its winter sleep.
To varying degrees, in addition to rental prices, house prices have also declined or stagnated, and transaction numbers fell short of that from a year ago, origo.hu adds.
ÁKK Sells HUF 50 bln of Bonds at Auction, Over Plan
Hungary to Address Future of Cohesion Policy During EU Presi...
2/3 of Hungarians Have Basic Expectation of Home Office
Time Out Market to Open in Budapest Next Year
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.
.jpg)
