Beware: these real estates will soon be unsellable in Hungary!
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Change has begun in the real estate market due to the increase in overheads. More and more people are deciding to sell their properties with high utility bills, but the question is whether there will be buyers for these properties in the future.
No significant shifts yet but changes can already be seen and felt
In the short term, the new overheads rules have not yet caused a shift in the real estate market, changes can be expected in the coming months, writes azenpenzem.hu. It is expected that the bills in November and December will show how many savings have been made or how much maintenance costs may increase.
“Traditionally, most people decide on a possible housing change at the end of the year, during the Christmas period, which will only be felt in the housing market in 2023,” says László Balogh, chief economic expert at ingatlan.com.
At the same time, change has already begun, with many people thinking about selling their large family home. Zoltán Gadanecz, the founder and owner of GDN Real Estate Network, said that more and more desperate clients are coming to the real estate offices to calculate the new energy and gas price regulations.