The best times to sell estates in Hungary

OTP has published an analysis of real estate market recently. It reveals that summer means a temporary decrease every year, but it is balanced by university students’ demand on sublets during the second half of the season, according to Forbes.hu.

Pass marks for universities are usually announced at the end of July. About 106,000 students applied for universities this year, and tens of thousands are expected to seek for housing in August. Many students move in a sublet together, but the one-bed condominiums near the campuses are also very popular in this period.

Leaves fall, demands rise

Not only universities, but primary schools and high schools also boost the demand for housing in autumn. Many students begin their school year in an institution far away from their parental home, and a large portion of them decide to move closer instead of travelling constantly. Searching for housing usually begins earlier, but moving in often occurs in autumn. Those who have estates near one or more schools should exploit this opportunity. OTP Ingatlanpont also highlights that planning and going on vacation takes several weeks from the active search for housing, so people have more time for this in autumn.

The strategic disadvantage of winter

Winter is a big gooseberry season in the housing market. Though the whole market does not shut down, the cold decreases the appetite for buying new estates. It has two reasons: first, the bunch of holidays consume a lot of time, energy, and money. On the other hand, people do not like to go from one offered housing to the other in the unpleasant cold weather.