Check out the most expensive flatlet at Lake Balaton!

As we have experienced, everything is getting more and more expensive due to inflation. Real estate and rent prices are no exception from that. However, this 36-square-metre flatlet at Lake Balaton is rather overpriced.

Pénzcentrum reported that there is an extremely expensive flatlet for sale at Lake Balaton. Because of the current situation and inflation, people tend to be more conscious about what they spend their money on. Therefore, real estate is not a very popular choice, not even as an investment. 2-3 years ago, there was a high demand for weekend homes at the “Hungarian sea”, people were bidding for these houses. This year, the real estate market is not experiencing this level of interest. Although, most holiday-home owners want to get rid of their houses. There are 20 percent more homes listed this year than last year.

Pricing

Despite the fact that there is no high demand for these houses, the prices have skyrocketed. Fortunately, this drastic increase in holiday-home prices has slowed down (in some cases it even stopped) in the last couple of months. If we are lucky enough, we can find some holiday homes listed for a lower price than a year ago. This does not mean that now is a good time to buy property at Lake Balaton. The average price is still much higher than it was last year. Homeowners are not too desperate yet, so they are not willing to accept much lower offers or lower the prices listed. However, if you are looking for a cheap holiday home in the countryside, you might want to read our article HERE.

Unreasonably expensive flatlet

There is a very interesting flatlet listed on one of the popular real estate portals. There is not much information provided about this flatlet. The advertisement only says:

The property is located on the 2nd floor of the Hotel Golden, on the waterfront promenade of Balatonfüred, with a covered terrace and its own heat pump heating and cooling system. Also for sale, in the garage, is a 25-square-metre storage garage with lockers, a work table, a freezer and a wine cooler.

The price of this 36-square-metre flatlet is merely HUF 289 million (EUR 781,300). It is way higher than the average price in this area. The average is HUF 830,000 (EUR 2,250)/square metre in the area, while the average in Balatonfüred is HUF 1.59 million (EUR 4,300)/square metre. One square metre of this flatlet is HUF 6.42 million (EUR 17,360), just a bit over the average… For some reason, the advertisement is not properly filled out with all the information, and the pictures are not very high quality either.