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

Migration could drive the increase of real estate prices in Europe November 9th, 2015

The population is growing rapidly in numerous regions of the European Union, mainly because many seek work in areas that are now accessible to them thanks to the European Union. But the construction industry is falling behind, failing to provide enough new homes, while real estate prices are increasing. A market is likely to feel the consequences of the most recent wave of migration: hundreds of thousands of migrants and refugees arrived to the EU and many more are on their way. According to experts...

more

September was slower, but the market is in good shape October 19th, 2015

The number of transactions is slightly lower on the Hungarian real estate market in September than in previous months, but the year-on-year growth is still significant. According to Duna House almost 11 thousand estates were sold last month. One year ago the market was already experiencing an upward trend, in 2014 September around 10 thousand transactions took place. This means that there was a 10% year-on-year increase. Meanwhile the second half of September this year was stronger than the first,...

more

More than 10 thousand real estate sold in 1 month September 28th, 2015

The number of transactions on the real estate market was the lowest in August considering the last six months, although the last month of the summer still delivered impressing numbers. According to experts the slight relapse of the market is only seasonal – Duna House confirms this based on their own data. Overall there were more than 11 thousand transactions in August, while in earlier months this number was around 12 thousand. This is however much better – and a much more moderate...

more

The Hungarian real estate market switches to high gear September 4th, 2015

The number of transactions on the Hungarian market can reach up to 150 thousand by the end of the year according to the Otthon Centrum network. Growth is stimulated mainly by investors and those who buy flats for their own purposes. Thanks to great demand bargain rates have dropped below 10 percent and brick-built and panel apartments can be sold more than one month sooner now than a year before. Prices have also been increasing for both – the growth even reaches 20 percent for the latter....

more

Properties in London costs nearly twelve times as much as it does in Budapest August 31st, 2015

A square meter of a premium downtown apartment in the world's most expensive city, London costs nearly twelve times as much as it does in Budapest, says the most recent joint analysis by CBRE international real estate consulting company and Otthon Centrum network. According to international data one square meter costs 8.6 million Forints in London, 4.8 million in Paris and 1.1 million in Berlin – at least in the most popular areas of the European capitals. The same costs only 700.000 Forints...

more

Prices of real estate transactions are rising in Budapest August 18th, 2015

July turned out to be the strongest month of the year: the last month this many transactions took place on the real estate market was January 2012. Many people are present on the market with the intention of investing. July is the fourth month this year when more than 12 000 transactions took place. Last year the trend was already getting stronger but the number of transactions reached only 9200 – which indicate a strong 34% year-on-year growth. The fresh data is very promising considering...

more