Hungary sells its heritage

Hungary sells its heritage

Hungarian real estate market is full of proposals for the sale of castles, manor houses and other historic buildings at discounted prices, according to ee24.com citing xpatloop.com.

Experts note that the extremely low demand for such facilities make the owners to reduce prices by 20-25%. Thus the cost of such facilities is usually a few million euros.

The main reason for the lack of demand and lower prices is the complexity of maintaining such facilities , distance from the big cities. This leads to the fact that even after being made ​​into the hotel, such objects are not generate revenue .

Recall that the sale of historic buildings has recently become a real trend for European markets. So, ee24.com already wrote that in Spain they are selling castles, and in Italy sells historic mansions.