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The Most Important Factors to Property Buyers

Hungary Today 2023.03.01.

With energy prices skyrocketing, it is perhaps no wonder that the energy efficiency of a property is of paramount importance to most potential buyers in Hungary. However, this is not the most important consideration when buying; the most important factor is still where the property is located, according to research done  by OTP Bank and OtpOtthon, reports Világgazdaság.

The survey shows that roughly two thirds of people who are considering buying a home consider energy efficiency to be important or very important. Only nine out of a hundred respondents do not particularly care about this issue, and 18 said that it would not deter them from buying if the property met their other requirements. It turns out that energy efficiency is an especially important consideration for older buyers when choosing a new property. But it is also a factor taken into account by those living in the capital and those with a higher education.

Yet energy efficiency is not the most important consideration for home buyers.

The results of the survey clearly show that the most important thing is the location of the property – the number one priority for all respondents.

The overall results show that the second most important factor is the price of the property, the third is the type of property (house, flat, building plot, etc.), the fourth is the floor area, and fifth is the condition of the property. Energy efficiency and the cost of utility bills are only the sixth most important criteria.

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However, the survey also shows that buyers do not want to compromise on the energy consumption of the dwelling and the overheads. They are more willing to compromise on other aspects, for example by opting for a smaller floor area.

Featured photo via Pixabay


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