Croatian Government Looking to Flog Villa in Budapest – Sale Price Slashed

by croatiaweek
August 24, 2013
in Latest

On the lookout for a villa in Hungary, and fancy a bargain? Then you should get in touch with the Croatian government. The government has slashed the sale price of its former embassy in the Hungarian capital Budapest almost in half as it struggles to offload the 440 square metre villa, which includes a 230 square metre yard.

foto: Google Street View

The villa was used as the home of the Croatian embassy in Hungary since 1993, but after purchasing a new premise in 2000, the villa has been empty. Attempts to sell the villa in 2011, with an asking price of 500,000 EUR, by the previous ruling government failed, and now the new government are having another crack but with a heavily reduced sale price of 290,000 EUR, reports daily 24sata. The daily reports that the Croatian government purchased the villa in 1993 for 240,000 EUR.

Thanks to Google Street View, 24sata points out a possible reason why the villa has struggled to sell. The ‘amateur’ looking sign written on cardboard definitely hasn’t come out of Sotheby’s how to sell property manual.