Property Market News from Budapest, HungaryStay up-to-date on the property prices and real estate market trends in Budapest.

Hungarian Real Estate Prices Increased the Most in the EU July 24th, 2019

In the European Union, the rise in property prices in the first quarter has declined. In the meanwhile, the increase of real estate prices was the most significant in Hungary. According to Eurostat, prices rose by 4.0 percent in the euro area between January and March, year-on-year. Compared to the previous year, a 0.3 percent increase was recorded. In the previous year, real estate prices rose by 4.8 percent in the second and third quarters in the euro area and 4.6 percent in the fourth quarter....

more

This is How the Housing Prices has Increased May 6th, 2019

The latest analysis of KSH (Hungarian Central Statistical Office) reveals that real estate market turnover was growing rapidly in 2018 in Hungary. According to preliminary data, the number of new apartments sold increased by one and a half times, while the number of used flats sold was 6.4 percent. 5 percent of the sold apartments were newly built. The prices of used homes increased by 9.5% and for new homes by 3.6% in the fourth quarter of 2018 compared to the same period last year, which clearly...

more

Record Breaking Year of the Hungarian Real Estate Market January 7th, 2019

A summary analysis of ingatlan.com shows that there is a record interest in homes for sale. This year, 8 percent more people visited the ingatlan.com website than a year earlier, which is 2.67 million visitors, and 4.93 million interests in properties are registered for sale on the site, which is a record for the housing market. Of course, strong demand was associated with strong supply, which further boosted the residential market. According to László Balogh, the leading economist...

more

What You Must Know About Taxation in Case of Selling November 27th, 2018

If the owner wants to sell his property he can count on some costs that are handy to know at the beginning. It is especially important for those who would later like to buy new real estate from the amount they are receiving, and for those who would like to take a loan from the bank. If a property has been transferred after 2013 personal income tax liability is incurred for the new owner. This tax has to be payed if the purchased property is sold more expensively than it was previously purchased,...

more

More than 100.000 Homes Sold in 2018 September 17th, 2018

Since the financial crisis, there has not been such a buzzing time in the real estate market as in this year, the current analysis of a Hungarian real estate company and the Central Bank of Hungary (MNB) reveals. Until August 2018, a total of 105,573 transactions were made, and if the growth continues, the number of sales transactions can exceed the 154,000 of 2008. In August, 13,869 real estate sales were recorded by the Monthly Transaction Estimate, again a strong month in the real...

more

Refurbished Apartments Worth 20% More, but Hard to Find Them September 13th, 2018

At present, there are significant differences between flat prices of Budapest, which is mostly attributable to the condition of the property. According to the ingatlan.com analysis, owners can get up to 20% more for a refurbished apartment. The only problem is that the quality of refurbished apartments is very low at the moment on the market. Examining nearly 20,000 private advertisers, it can be seen that for a refurbished apartment 20% more can be charged compared to a non-renovated flat....

more