Lawyer's addressLövőház utca 20/A.
1024 Budapest Hungary

Attorney's phone number Tel.: +36 1 316 9233
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Overpriced properties on the Hungarian market, 05.01.2017 – A recent survey published by the Hungarian Statistical Office revealed that half of all Hungarian residential properties are worth less than HUF 10 million and one-third falls into the HUF 10-20 million category. Only every tenth property is worth more than HUF 20 million and less than five percent have a value of more than HUF 30 million. An apartment whose asking price is unrealistic will be sold with great difficulties only, no matter how strong the market is. Finding the perfect price is a key aspect of a successful sale and experienced  property agents clearly have the edge here.

Overpricing can, in most cases, be attributed to one of two main reasons. In many cases the owner is also attached to the property emotionally and will attempt to reflect this attachment in the asking price. Another reason is the lack of experience: in their entire life, most people have the opportunity to sell two or three properties only, unlike real estate agents who, thanks to their professional experience, have a better overview of market prices.