Well all I know is that I have a property on that website (bit smaller than your requirements so wouldn't be on your radar), and I have dropped the price from 21.9M HUF to 18.9 HUF since putting it up for sale in the last 4 months. still no interest, so I think you are well within your rights to bid at figures 10% below the asking.
BTW, I bought in 2004 for 20M, so facing a significant loss, when taking in stamp duty, fees etc. As far as I am concerned, I am taking it on the chin and treating it as ultimatelyt a valuable learning experience for my future investment decisions. (Research meticulously, never buy because everyone else is doing it, and know that you cannot take every opportunity that becomes available, and local if possible!)
Just note that property is not a one-way bet, particularly if you do not know the area that well, have language differences and are unable to particularly trust the service providers to manage your property effectively.
For the money you are talking about, you might be better advised to stick into 2-3 managed funds?
Didn't mean to preach.....just want to make sure you are going in with your eyes open
If you want specific details PM me.
With all these offices and the 1000s of people it will bring to the area, I think there will be no shortage of people to let my place to.
Capital Eyes is just one big joke (you'll pay 3% surcommission on top of the 3% commision paid by the developper, but if there's the least of problems you'll need to solve everything yourself).
MaxIII, I really wish you the best with your investment, and I believe that in the long term you might do fine
(as most buyers in BP will do - at least if they bought at a reasonable price). But for the next 5-7 years to come, I think it will be quite hard to rent your place out for a decent price.
The problem with 'mixed-use' projects is that they only work if the corporate fishes bite...
The corporate players & BP insiders I know don't like the Karolyi project for several reasons. The first reason is the oversupply. In real estate, too much of a same thing is no good news.
There are other new projects (such as the 360° project) that have a stronger potential at this point (for their story and networking, construction is still a guess). When I hear something more, I'll let you know...
For the sake of balance, I feel I should jump to CE's defence!
Sometimes its hard to differentiate between Agents, and ALL of them will be accompanied by bad customer experiences.
I have dealt with enough property salesmen in my time to know the usual patter, regardless of country, which usually goes like this...
1. Ryanair are going to be flying in here next year.
2. They have applied for the winter olympics/summer olympics/european open etc.
3. This is the last one that faces west -- you get the evening sun.
4. This is the last one that faces south - you get the sun all day.
5. This is the last one that faces east -- you get the morning sun.
6. This is the last one that faces north -- you need to be facing north because the sun will roast you out of it in summer.
7. They are going up on Monday
8. They have gone up since yesterday, but you can have this one at the old price if you close today.
9. There is a 2 year rental guarantee on these.
10. The rent will pay the mortgage.
11. I am buying one of them myself.
12. All the lads in the office have bought one each.
13. The top floor is the best, you don't have to maintain a garden.
14. The ground floor is the best, you have the use of a garden.
15. I know that the ski season is short, but you can rent it out all summer as well.
16. I know the summer season is short, but it's only three hours from the ski slopes, you can rent it out to skiers as well.
...
We use cookies and similar technologies for the following purposes:
Do you accept cookies and these technologies?
We use cookies and similar technologies for the following purposes:
Do you accept cookies and these technologies?