Hungarian real estate market slowing down

Hungarian real estate market slowing down

Published at: 2019-10-01 12:25 | Author: CIJ Serbia
Supply seems to be outpacing demand on the Hungarian real estate market, with sellers being forced to bring down their asking prices in order to find buyers, according to local media reports. Investors are only considering ‘realistic” prices, said Zoltan Schneider of Balla Ingatlan, pointing out that an increasing number of sellers are turning to real estate agents to help market their properties. Average prices are rarely displayed on websites any more and advertising a high starting price is no longer a good strategy when it comes to selling, said Schneider. “This has slowly dawned on property owners, and they started to listen to real estate agents about the importance of appropriate pricing,” he added. “Stagnating prices are more and more apparent in the case of downtown properties.”

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