March 1st, 2010
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And we thought the Budapest property market meltdown was just a metaphor

smoking-hot.jpgVia the urbanista blog we discovered a rather unique piece of Budapest residential property currently being offered for sale on listings engine ingatlan.com. Here’s a translated version of the owner’s pitch: “Do you like remodeling? In Budapest’s District VIII on Mátyás tér a 66-sqm, fourth floor (has elevator) apartment is waiting for you. Outside walls, two windows and security door are new, but there are no interior walls, because the flat has been burned out.” The price is Ft 7.8 million (around €29,000), which may or may not strike you as a fire sale, depending on how burned you’ve previously been by supposedly hot Budapest properties before. Groan.

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