- 24 Oct 2013 6:30 AM
Some properties still cost billions of forints, but there is no one to buy them. The demand for these mansions has dropped so much, that the already low prices can be reduced by an additional 20-25%.
In Sopron, Sárvár, Lake Balaton, and Bükk Mountains there are smaller castles for sale starting from HUF 10 million.
Another reason for the drastic price drop is that it can be hard to make use of (or exploit) these huge properties.
At the Western Transdanubia, eight, previously completely renovated mansions operated as hotels, were padlocked after the peak season.
Some municipal properties are also becoming cheaper as they are beyond the cities’ carrying capacity.