Pasar properti mewah di kawasan premium sekitar Jakarta terus menunjukkan geliat positif, menarik minat para investor kelas atas dan kalangan berpunya yang mencari hunian eksklusif maupun aset investasi jangka panjang. Di tengah ketidakpastian ekonomi global, properti mewah tetap menjadi pilihan menarik karena dianggap sebagai simbol status sekaligus investasi yang relatif stabil.

Salah satu pengembang yang aktif menggarap pasar properti kelas atas adalah PT Pantai Indah Kapuk Dua Tbk (PANI), perusahaan milik taipan properti Sugianto Kusuma alias Aguan. Melalui proyek andalannya, PIK2, PANI konsisten memperkenalkan kawasan hunian dan komersial modern yang menyasar segmen menengah atas.

Direktur Sales & Marketing PANI, Lucia Aditjakra, menegaskan bahwa PIK2 merupakan satu-satunya kota tepi laut (waterfront city) di Jakarta Utara dengan total pengembangan lebih dari 6.000 hektar. Menurutnya, kawasan ini bukan hanya unggul dari sisi desain dan tata ruang, tetapi juga menjawab kebutuhan masyarakat modern akan tempat tinggal yang terpadu.

“PIK 2 bukan hanya menawarkan desain kawasan terbaik, tetapi juga menjawab kebutuhan pasar dan berdampak positif bagi masyarakat sekitarnya,” ujar Lucia dalam keterangannya, Rabu (18/7/2025).

Lucia menambahkan bahwa animo masyarakat terhadap properti PANI terus meningkat, terlihat dari cepatnya unit-unit terjual setiap kali produk baru diluncurkan. Salah satu contohnya adalah kesuksesan acara Roadshow Property Week 2025, yang diadakan di sejumlah pusat perbelanjaan seperti Central Market, Living World Alam Sutera, dan Lippo Mall Puri.

“Melalui roadshow ini, masyarakat dapat mengenal lebih dekat kawasan PIK2 sekaligus mendapatkan penawaran menarik untuk memiliki hunian dengan proses mudah,” tambahnya.

Salah satu keunggulan PIK2 yang menjadi daya tarik investor adalah konsep Integrated City, di mana hunian, area komersial, fasilitas pendidikan, layanan kesehatan, hiburan, hingga akses transportasi publik hadir dalam satu kawasan. PANI meyakini bahwa konsep ini selaras dengan tren gaya hidup modern yang mengedepankan kenyamanan dan efisiensi.

Berdasarkan laporan keuangan per akhir Maret 2025, PANI membukukan laba bersih Rp49,57 miliar, turun 59,49% dibandingkan Rp122,38 miliar pada periode yang sama tahun lalu. Penurunan ini seiring dengan pelemahan pendapatan sebesar 4,43% YoY menjadi Rp611,97 miliar, yang sebagian besar masih berasal dari segmen real estate.

Namun demikian, sisi likuiditas perusahaan menunjukkan perbaikan signifikan. Kas dan setara kas PANI melonjak hampir tiga kali lipat menjadi Rp5,48 triliun pada akhir Maret 2025, dari Rp1,85 triliun pada tahun sebelumnya. Kondisi ini memberikan ruang gerak lebih besar bagi PANI dalam memperkuat ekspansi dan pembangunan infrastruktur.

Presiden Direktur PANI, Sugianto Kusuma (Aguan), menegaskan bahwa perusahaan tetap optimistis terhadap prospek jangka panjang sektor properti nasional. Fokus utama PANI yang menyasar segmen pasar middle-up dinilai memiliki daya tahan dan potensi pertumbuhan berkelanjutan, apalagi ditopang oleh perubahan preferensi konsumen yang kini lebih mengutamakan kawasan hunian terpadu dengan konektivitas tinggi.

“PIK 2 kami yakini akan menjadi simbol masa depan kota modern yang terintegrasi. Dengan infrastruktur dan konektivitas yang mumpuni serta pembangunan fasilitas berskala nasional, kami optimistis PIK2 akan menjadi magnet investasi dan destinasi unggulan di Jabodetabek,” kata Aguan.

Di tengah ketidakpastian global, sektor properti komersial di kawasan Asia Pasifik menunjukkan ketahanan yang luar biasa. Berdasarkan laporan dari perusahaan konsultan properti global JLL (Jones Lang LaSalle) mencatat bahwa investasi properti komersial atau Commercial Real Estate (CRE) di kawasan ini tumbuh 23% secara tahunan (yoy) pada tahun 2024, mencapai nilai sebesar USD 131,3 miliar.

Pertumbuhan ini menandai lima kuartal berturut-turut peningkatan volume investasi tahunan, dengan kuartal IV 2024 sendiri mencatat lonjakan 10% (yoy) menjadi USD 34,9 miliar.

Sepanjang tahun 2024, seluruh sektor utama properti mengalami pertumbuhan volume investasi. Investasi lintas negara mencapai USD 23,8 miliar, meningkat signifikan sebesar 43% dibandingkan tahun sebelumnya. Lonjakan ini didorong oleh minat kuat investor asing terhadap aset perkantoran dan logistik, terutama di negara-negara seperti Australia, Jepang, dan Singapura.

Jepang tercatat sebagai pasar paling aktif, dengan volume transaksi sebesar USD 10,7 miliar pada kuartal IV 2024, naik 145% (yoy), berkat tingginya permintaan untuk properti logistik dan perkantoran. Strategi nilai tambah di tengah meningkatnya biaya utang turut membantu mendorong aktivitas pasar.

“Pertumbuhan tahunan selama lima kuartal berturut-turut untuk properti komersial di Asia Pasifik ini merupakan bukti dari ketahanan jangka panjang kawasan ini,” kata Stuart Crow, CEO Asia Pacific Capital Markets, JLL.

Di Indonesia, sektor properti juga menunjukkan performa yang solid. Berdasarkan data Kementerian Investasi/BKPM, subsektor perumahan, kawasan industri, dan perkantoran menempati posisi lima besar penyumbang investasi nasional, dengan nilai mencapai Rp 122,9 triliun, atau 7,2% dari total realisasi investasi tahun 2024 yang sebesar Rp 1.714,2 triliun.

“Pertumbuhan investasi berkelanjutan di sektor properti Indonesia menunjukkan bahwa sektor ini tetap menarik serta mencerminkan persepsi baik investor,” ujar Farazia Basarah, Country Head JLL Indonesia.

Ia menambahkan bahwa kebutuhan akan infrastruktur, ruang kerja, dan hunian yang modern akan terus meningkat, sehingga membuka peluang kontribusi lebih besar bagi sektor ini dalam perekonomian nasional di tahun 2025.

Di Asia Pasifik, sektor perkantoran mencatat volume investasi USD 48,8 miliar pada tahun 2024, meningkat 12% (yoy). Korea Selatan menjadi pemimpin dalam volume investasi perkantoran di kuartal IV, didorong oleh penurunan suku bunga pinjaman senior.

Sementara itu, sektor logistik tetap menjadi favorit investor, dengan permintaan yang tinggi mendorong transaksi portofolio besar di Jepang, Australia, dan India. Fenomena ini bahkan menyebabkan kompresi imbal hasil (yield compression), mencerminkan peningkatan valuasi aset.

Volume investasi ritel pun meningkat 28% (yoy), didominasi oleh modal swasta di Australia dan perusahaan domestik di Korea Selatan yang fokus pada properti dengan potensi nilai tambah.

“Terlepas dari ketidakpastian akibat kebijakan fiskal AS dan sikap hati-hati The Fed, Asia Pasifik tetap menjadi magnet investasi global,” jelas Pamela Ambler, Head of Investor Intelligence, Asia Pasifik, JLL.

Capaian positif di sektor properti, baik di tingkat regional maupun nasional, memperlihatkan bahwa investasi properti tetap menjadi fondasi kuat dalam strategi pembangunan ekonomi. Bagi Indonesia, momentum ini harus terus dijaga melalui penyederhanaan regulasi, kemudahan perizinan, serta penyediaan infrastruktur penunjang investasi.

Representatives from the tourism sector in Antalya have raised concerns about houses sold to foreigners in the region being used for purposes other than intended, causing significant damage to hotel operations.

Kaan Kavaloğlu, a board member of the Turkish Tourism Promotion and Development Agency (TGA), highlighted that the recent surge in real estate property sales, particularly in the Alanya and Konyaaltı districts, has seen a total of 108,000 properties sold.

“It is, of course, a good thing for foreigners to come to Antalya and buy a house. This is a form of tourism that has examples in the world. But the 108,000 apartments sold were not sold to 108,000 different people. This is where the problem starts,” he pointed out.

Kavaloğlu further argued that among those purchases, some individuals bought as many as 80 houses and subsequently rented them out to their own compatriots.

As the head of the Mediterranean Touristic Hoteliers and Operators Association (AKTOB), Kavaloğlu emphasized that they have submitted a special report addressing this issue to the Culture and Tourism Ministry.

The primary buyers of houses in Antalya are Russians, Germans and Ukrainians, who have established a rental system among themselves, he said. However, this system currently lacks any form of oversight or control, leading to informal practices.

Kavaloğlu expressed optimism about addressing the problem through legislative measures, stating, “A suitable law text will be prepared together with stakeholder ministries until October.”

Similar issues have affected hoteliers in the United States and Spain, resulting in restrictions on real estate sales in certain regions, he added, sharing his view that such measures are also necessary for Antalya to safeguard the interests of the local tourism industry.

Meanwhile, Kavaloğlu highlighted that Antalya has experienced a significant influx of tourists, with over 11 million visitors arriving in the region. He expressed confidence in surpassing Türkiye’s annual tourism target of $56 billion in revenue and 60 million tourists, stating, “In order to reach these figures, Antalya should not stay below 15 million tourists. According to the latest data, we can achieve this.”

Source: hurriyetdailynews

The U.S. Federal Deposit Insurance Corporation (FDIC) is seeking buyers for the $33 billion commercial real estate (CRE) loan portfolio of failed New York lender Signature Bank, it said on Tuesday.

The majority of the portfolio comprises multi-family properties primarily located in New York City, the regulator said, adding that it would be marketing the asset over the next three months.

The FDIC has been seeking to sell off portions of Signature, one of three larger banks that failed in the spring, since the bank was closed in March after an exodus of depositors seeking higher returns and safer institutions.

Later that month New York Community Bancorp (NYCB.N) agreed to a deal with the FDIC to buy most deposits and certain loan portfolios along with all 40 of Signature’s former branches.

Within the CRE portfolio is about $15 billion of loans secured by residences that are rent stabilized or controlled.

While the commercial real estate industry has been under pressure amid rising rents and lingering office vacancies, Signature Bank’s portfolio is relatively attractive, said Matt Pestronk, president and co-founder of Post Brothers, a real estate developer based in Philadelphia.

“The FDIC sale is somewhat unique as it has a large concentration of rent stabilized properties as collateral for the loans,” he said. “Even in this environment there are buyers of rent-stabilized buildings and lenders who make loans on them, because if the underlying properties are valued at cap rates near today’s interest rates, they would be very safe investments to own as a loan or as real estate in the case the loans are not performing.”

Since the FDIC has a legal obligation to preserve existing affordable housing for lower-income people, the agency said it planned to place all those loans within joint ventures in which FDIC would retain a majority equity interest.

Any winning bidders for those ventures would be responsible for managing and servicing the loans but would have to meet certain requirements to preserve the loans and underlying collateral, the FDIC said.

New York City and State housing authorities, as well as community groups, are providing input to the FDIC as it begins marketing. The FDIC said it expects to complete any portfolio sales by the end of 2023.

source: reuters

During the pandemic, the trend of converting unused commercial properties into residential homes really took off.

However, now that many businesses have instructed employees to return to the office, has this trend passed or is it here to stay? Brokers have discussed their experiences within the current market.

Not a fleeting phenomenon
Kundan Bhaduri (pictured left), property developer and portfolio landlord at The Kushman Group, said the trend of converting commercial properties into residential units is not a fleeting phenomenon.

“It is a fundamental shift in property development that is firmly rooted in economic and societal changes,” he said.

The convergence of factors such as changing work patterns, increased demand for affordable housing, and the surplus of underused commercial spaces, Bhaduri said, had created a perfect storm for this trend to thrive.

As remote work becomes more normal and traditional office spaces face reduced demand, he added that the appeal of residential units in well-located commercial structures continues to grow.

“Former pubs, high-street shops, office spaces, and even former bank buildings, all offer the potential for conversion into modern apartments,” Bhaduri said.

He added that the need for innovative solutions to address the current housing shortage makes these conversions a logical and sustainable choice for the future.

Austyn Johnson, founder at Mortgages For Actors, agreed with Bhaduri and added that commercial conversions to residential homes are still proving extremely popular.

“Developers are finding well priced properties in towns and cities that offer decent potential as multi-units or HMOs,” he said.

With many of these properties close to public transport links, Johnson said they are a good prospect for young professionals and people who work locally. In fact, Johnson said, since COVID, this type of deal has popped up more often, due to businesses being forced to sell up.

Reduced frequency
Alastair Hoyne (pictured right), chief executive at Finanze, said enquiries for commercial to residential finance applications are still coming through, albeit at a less frequent pace than they were a couple of years ago during the pandemic era.

“When the rules surrounding General Permitted Development Order (GPDO) were amended in 2021, there was a surge in enquiries over the following 12 months, as this gave developers more choice due to the increased availability of properties they were able to convert with minimum red tape surrounding planning permissions,” he said.

Most of the enquiries during this time, Hoyne said, were office to residential apartment schemes, which came with uncertainty surrounding people returning to work in town or city centres.

“Things have definitely slowed over the course of this year as more offices and businesses have re-opened their doors, but the market is still there and provides developers with an alternative option,” Hoyne said.

Omer Mehmet, managing director at Trinity Finance, said there are still a number of permitted development rights that developers can enjoy to convert commercial to residential property.

“The most frequent we see used is the class MA to convert from commercial use class E to residential; this most often presents itself as the conversion of the upper or rear parts of a shop into flats,” he said.

With the UK being so far behind its house building targets, he can only see it as natural progression that more residential homes are created in and among the high-street, albeit at a slower pace than in 2020.

“The pandemic accelerated the number of vacant commercial shops, and so increased the attractiveness of taking low value commercial buildings and converting them into higher value residential ones,” Mehmet said.

His view is that busy high-streets will remain buoyant but over time the empty and derelict ones will get fully converted to residential properties.

source: mpamagdotcom

Luxury home prices see some cooling off, but offices and mid-market properties push higher

According to latest data from Refinitiv, office prices in the US have fallen 16 per cent since their peak in March 2022.

Whilst the stress in the office space has been widely advertised – with predictions of further falls, as the investment required to renovate these assets is considerable – more surprising was that prices of multi-family apartment buildings are down 20 per cent from their peak a year ago. The broad explanation for this fall has been the rise in mortgage rates, but equal consideration has to be given to the extraordinary rise in the values of these assets in 2021-22 following the US’ Covid stimulus package.

As interest rates are likely to be higher for longer, there is a greater probability of further falls in asset prices. The average REIT prices in the US are trading at between 10-15 per cent discount to net asset values, reflecting such expectations. At the higher end of the property market, price drops have been even more dramatic on thin volumes in markets like Manhattan and San Francisco, with certain units trading up to 35 per cent below their last recorded transaction levels.

Watch the cashflow
In Dubai, the landscape could not be more different, with record transaction volumes continuing and moving in tandem with price rises, even as rents have started to normalize. Of course, it is natural to expect that for end-users with mortgages, there will be some softening of prices. At the developer level, for offplan launches, cashflow will continue to be the singular focus as collections will determine the delivery dates of such projects.

If past cycles market are any guide, then the actualization rates – the difference between expected and actual delivery of units launched – will be between 20-25 per cent. This may well be good news for those worried about an oversupply dynamic, but delays in a high interest rate scenario affect buyers who have taken mortgages on offplan purchases.

This indicates a change in sentiments, and certain recent developments in the real estate market do point to a further tightening of monetary conditions, as inflationary forces continue to linger for longer periods of time. Bid-ask spreads in the secondary residential markets have started to rise in certain segments, reflecting the need for higher yields demanded by investors against an inability to continue to raise rents.

Selective ‘mirroring’ of US market cycle
Does this mean that the fate of the markets will mirror to what is happening in the US?

The answer depends on the segment of the market being looked at. At the super-prime level, there is evidence of this being underway. In the mid-end residential as well as the office segment, the opposite is the case as supply shortages in the secondary markets continue to push prices higher.

In the final analysis, the issue will always be about liquidity conditions. Recent movements in the auction market indicate that there are parcels of land being made available as anticipated sales have not materialized. It is in the auction market that the bid-ask spreads can be accurately measured. And when transactions occur, an accurate picture starts to emerge.

This is as true for the land prices as well as it is for apartments and offices, and a recent increase in the volumes being transacted at the site indicates price moderation in an otherwise headline-dominated runaway market. Investors would be well advised to pay attention to these trends as they make their purchases, as these decisions affect their investment outlook.

What is evident is that while there is no decoupling from Western markets, there remains a correlation to price action activity in the West as well as higher interest rates. These factors suggest continued price moderation, especially in the primary market.

source: gulfnews

Property investments from foreigners wishing to secure a Golden Visa have brought in at least €10 billion, professionals in the real estate sector say.

At the same time, they have skewed the market, as Greek property owners have inflated their asking prices in the hope of attracting this category of investor.

The recent doubling of the minimum investment required in the most popular investment destinations, such as the center of Athens, its northern and southern suburbs and some islands, from €250,000 to €500,000, is expected to curb some of the excesses, as many property owners find that pricing of €500,000 or above is not sustainable. Prices had spiked even in areas of Athens in which interest from foreign investors was close to zero. But even now, a perusal of the property listings shows that some owners have doubled their asking prices overnight. Authorities and experts believe this phenomenon will die down. Raising the minimum has been criticized by some prospective investors, mainly Chinese.

According to data from the Migration and Asylum Ministry, there were 4,150 applications for a Golden Visa in the first half of the year, representing property transactions in excess of €1 billion. In the whole of 2022, there were a total of 4,360 applications, in 2021 2,001, in 2020 1,590 and in 2019, before the pandemic, 4,071.

Real estate professionals believe that prospective investors will turn to areas where the minimum investment amount remains €250,000, as long as there is good added value through short-term, or, more likely, long-term leases. In the more expensive areas, professionals estimate that further purchases will be limited to new and high-quality construction.

source: ekathimerini

Mumbai city—which comprises an area under the BMC jurisdiction—crossed the 10,000 mark in housing sales registrations for the third month in a row in August. The Mumbai Metropolitan Region witnessed the registration of 10,550 properties, contributing to a revenue influx of Rs 790 crore for the state government, data assessed by Knight Frank India showed.

Stamp duty collections rose 23% year-on-year but witnessed a 5% decline as compared with July, the report issued on Aug. 31 said.

There was a 23% surge in registrations and revenue as compared with the previous year. Of the overall registered properties, residential units constituted 80%, while the remaining 20% included non-residential assets.

“August 2023 marked a significant milestone for the city, achieving its most successful August month in the past decade in terms of both registration numbers and revenue generated,” the report said. In recent years, there has been a consistent rise in the percentage of property registrations in the Rs 1 crore and above segment. It has surged from 48% in 2020 to around 57% in 2023, as per the data.

“… the share of registration of properties valued at Rs 1 crore and above continues to rise, led by a surge in property prices and an increasing preference among home buyers for more spacious accommodation. Overall, the housing market in the city continues to show a positive outlook,” said Shishir Baijal, chairman and managing director at Knight Frank India.

Escalation in property prices coupled with an increase in the interest rate during this time frame has reduced property registrations below the Rs 1 crore threshold, the report said.

The central and western suburbs have experienced an overall surge in launches in response to demand.

During the initial eight months of 2023, the city achieved a registration count of 83,263 units, resulting in a revenue accumulation of Rs 7,242 crore for the state treasury.

source: bqprimedotcom

Greene County is in the middle of clearing up one of the highest number of delinquent property tax cases in its history, officials say, shrinking a decades-long backlog that may help older cities put more parcels back into productive use.

As of Friday, the county courts and treasurer’s office have 167 Greene County properties that are in the collection process or have completed it, some of which include multiple parcels. All told, the cases are worth about $1.5 million in back taxes.

The treasurer’s office is on pace to do 200 cases by the end of the year, Hagler said. Prior to 2023, the treasurer’s office typically processed 20 cases annually.

“Greene County as a whole does not have delinquency problem. There’s been a backlog for decades because really, there wasn’t a sense of urgency. We’re still very rural,” Hagler said. As COVID hit and the markets have taken off, properties that wouldn’t otherwise be developed or rehabbed, there’s now a market for that.”

Greene County has a tax delinquency rate of about 1.6%, Hagler said. The average rate for the state of Ohio is about 3%. However, the recent spur of foreclosure cases is due in part to making up for delays caused by the pandemic, and clearing up the preceding backlog.

“During the pandemic, the courts were shut down. COVID gave us about a 2-year hiatus,” Hagler said.

Most of the properties are concentrated in Xenia and Fairborn, the two oldest cities in Greene County. The red-hot housing market is another reason city and county leaders wish to place those properties back in productive use.

Not all delinquent properties are subject to foreclosures. Being delinquent on property taxes means the property owner is a year and a half behind on their taxes. Missing one or two tax payments isn’t enough to be declared delinquent.

Many taxpayers are able to pay off their tax debt by opting to participate in a payment plan, Hagler said. Others pay it off upon initial notice from the treasurer’s office.

If a case does go fully to the foreclosure process, the owner is notified through Greene County courts. The property then goes to a treasurer sale, where the selling price of the property includes the back taxes, assessments and court costs that are on it. Usually, the property doesn’t sell for that reason, Hagler said.

“If you’ve got $14,000, $15,000-plus of delinquent taxes, and the city’s weed mowing fees, they’re never going to sell,” Hagler previously told the Dayton Daily News. “Nobody’s going to pay $17,000 $15,000 for a piece of property. It’s just not worth it.”

Additionally, it’s unlikely that entire $1.5 million will be collected. Many of the properties are vacant or abandoned, in some cases because the property owner has died.

If the parcel doesn’t sell a second time, it’s forfeited to the state of Ohio, or the local municipality can acquire the property and petition the taxing authorities (the county, schools, etc.) to forgive the taxes on it so it can be put into productive use. Both Xenia and Fairborn have been proactive in pursuing these options, Hagler said.

If you suspect you might be behind on your property taxes, the treasurer’s office has staff who are dedicated to processing back taxes and helping residents stay in their homes.

“If you’re behind on your taxes, and you want to keep to your property, reach out to us. We have plans, we can work with you, and we want to keep you in your property,” Hagler said.

source: daytondailynewsdotcom

Hungarian real estate prices got significantly higher over the past year. On average, buyers spent 3%, HUF 1 million (EUR 2,600), more on home purchases. Meanwhile, in Budapest, the average cost of buying a home has increased by more than HUF 2 million (EUR 5,200).

24.hu writes that according to Duna House’s data, the price per square metre of properties in the Hungarian real estate market ranges from HUF 30,000 (EUR 79) to HUF 3 million (EUR 7,800). The price per square metre was above HUF 1 million (EUR 2,600) for almost half of the properties in the capital sold in the first half of the year. We also know from Duna House’s transaction data that nearly half of the properties sold in Hungary this year, 49 percent, were detached houses. 37 percent of the buyers opted for a brick-built dwelling. Panel houses were chosen by only 15 percent of buyers.

The real estate prices
Károly Benedikt, Head of Marketing and PR at Duna House, said that looking at Hungary as a whole, properties sold for HUF 1 million (EUR 2,600) more compared to last year. The average price was HUF 39.7 million (EUR 104,000), while the average price per square metre was above HUF 550,000 (EUR 1,440). Based only on sales in the Hungarian capital, the average price of apartments has risen. It went from HUF 55 million (EUR 144,080) in 2022 to HUF 57.2 million (EUR 149,319) in 2023. The average price per square metre in Budapest is just over HUF 900,000 (EUR 2,560).

The price is significantly influenced by the condition of the property and whether it needs to be renovated. The size of the useful floor area is also a key factor for potential buyers. Surprisingly, there is a high demand for both large properties of up to 450 square metres and much smaller flatlets of less than 20 square metres.

The most expensive properties
According to Duna House’s data, the highest-priced property sold this year in Budapest is located on Andrássy Avenue. The panoramic house is 274 square metres, built in the 1800s. The house is in very good condition and represents luxury and high quality. The new owner paid HUF 420 million (EUR 1,1 million).

Among the homes sold in the countryside, the fourth most expensive is an apartment in Balatonfüred. The apartment is in an outstanding condition and was renovated during the COVID-19 pandemic, so it is almost new. The 172-square-metre penthouse has a large terrace and a panoramic view. The buyer paid HUF 319 million (EUR 835,500), over HUF 1.8 million (EUR 4,715) per square metre. The most expensive home in the agglomeration of Budapest is a house located in Nagykovácsi. The 230-square-metre family house with a panoramic view and outstanding condition was advertised for HUF 310 million (EUR 812,090).

source: dailynewshungarydotcom