Real estate discounts getting bigger
Photo by Fabio Balbi/Shutterstock.com
According to the latest sales data of OTP Real Estate, between November 2019 and the end of January 2020, buyers could receive an average discount one-third higher than a year earlier as a result of last-minute negotiations, writes penzcentrum.hu.
Photo by Fabio Balbi/Shutterstock.com
While at the end of 2018 and at the beginning of last year, when the contract was signed, the final target price was lowered by an average of 3.1%, a year later, buyers were able to reduce property prices by 4.4%.
For the whole of 2019, the average price per square meter of an apartment in Budapest was HUF 618,000, according to OTP mortgage data. So if you buy a 50 sqm flat, you could save up to HUF 1.35 million with a 4.4% bargain, penzcentrum.hu explains.
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