Why This Palotanegyed Apartment Didn't Rent for 7 Months And How Improving the Condition Rented It in 5 Weeks
Situation
This 2-bedroom, 81 m² apartment with a balcony in Palotanegyed, District VIII had been on the market for 7 months without finding a tenant.
The owner, based in Belfast, was covering ongoing costs with no rental income, and the situation had become both costly and frustrating.
The problem
When we first saw the apartment, it was clear why it had not been rented.
The condition was holding it back. There was peeling paint, outdated fixtures, and an overall worn look, which made the property feel uninviting.
Compared to similar apartments in the area, it did not meet the standard tenants expected and failed to attract serious offers.
What we did
We focused on improving the condition before bringing the property back to the market.
We repaired visible issues, modernized the kitchen, repainted key areas, and updated fixtures so the apartment felt clean, modern, and ready to move into.
Once the work was completed, we listed the property, handled all enquiries, and managed the viewings.
The result
The apartment was rented within 5 weeks, after being empty for 7 months.
We initially listed it at €1,500/month plus bills, and adjusted the price during the process to €1,200/month plus bills to secure a tenant after 7 months without income.
The tenant a Japanese academic couple signed a 1-year contract with the option to extend.
Why it worked
If a property feels outdated, tenants move on quickly.
Once the condition was improved, the apartment became competitive again.
Client perspective
"After 7 months with no results, it was clear something needed to change. Once the work was done, the apartment was finally rented after 7 months of vacancy. It was a huge relief."
Final insight
Even in strong locations, properties that feel outdated can remain empty.
Improving the condition is often the difference between continued vacancy and securing a tenant.