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

17% More Budapest Properties were Sold in this August than Last Year September 15th, 2017

An exceptionally successful month was closed this year for August flat sales in Budapest: 13 787 homes changed ownership in the last month of the summer, which represents a 17% increase over the previous year. Since 2011, this is the strongest August in the housing market. Although fewer sales have been made this year than August 2016, yet the trend encourages experts. The first half of last year proved to be a prominent period in terms of apartment sales, followed by a slight downturn, and in parallel,...

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Changing Real Estate Sales Tax Regulations July 27th, 2017

Tax regulations on the use of income from real estate sales for private individuals are about to change – according to the information on the website of the tax authority.   The statement details that the income from real estate sales for private individuals (transfer of real estate and property rights) need to be determined starting from the income, the expenses and the holding period. According to the provisions currently in force  in the Personal Income Tax Act, if someone uses...

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Rising Prices on the Hungarian Apartment Market July 10th, 2017

The rise in apartment prices is periodically slowing in Hungary, which is not a surprise after the soaring numbers of the past two-three years.   According to the data of KSH, buyers had to pay more by 8,1 percent during the first quarter of 2017, than in the year before, which is till a considerable rise, but it is at least only a one-digit increase. Therefore, it seems as if a more balanced market is going to replace the price boom of the past period. The rate of the price increase had decreased...

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Budapest: The Engine of Price Increase June 27th, 2017

During the last year, the rapid real estate price increase continued in Hungary, with Budapest playing a leading role in the price increase. – according to the analysis of the FHB Index. In this analysis, the FHB Index states that the value of the index had grown with more than 52 percent nominally, sincet he second quarter of 2014, and with nearly 50 percent in real terms, meaning that three years after the turnaround, buyers need to pay an average one and a half times the price for a property....

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Hungarian Home Prices Grow, Still Houses and Condos are Selling Fast April 11th, 2017

Hungarian property prices may have increased by 10 percent in 2016, real estate transactions are growing as well. Hungarian home prices grew by almost 10 percent in Q4 2016, which made Hungary come second among EU member states. The first was the Czech Republic with 11 percent and the average was 4.7 percent in the EU – reported the Hungarian economic journal Portfolio.hu.  Portfolio.hu also analysed data by the Hungarian Central Statistical Office, namely in Q4 last year price change...

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Home Sellers in Budapest: Now is the time to consult a realtor March 6th, 2017

Latest news, expert advice and information on Hungarian property prices make house owners believe that they can sell their homes for any price they can imagine.  They often tend to ignore that property market trends have changed since the end of last year. Overpricing a home can lead to missed sales All too frequently, home sellers’ opinions of their properties are clouded by sentimentality and can often ignore even experienced property experts’ advice on proper pricing. ...

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