Five Factors That Influence the Value of Your Property in 2017 December 6th, 2016

A lot has changed in the Hungarian real estate world over the past few years. Understanding and analysing those changes were the main purposes of the Portfolio Property Investment Forum, the most important event of real estate market in Hungary. Here are a few of the key ways the residential property market has changed, and how these changes may impact buying or selling a home. 1. A wave of new homes Plans to build new homes of 340.000 sqm within the next 1-2 years. Construction costs increased...

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New Residential Constructions Are Up Again in Hungary November 17th, 2016

In the Hungarian property market 155,000 sales contracts are expected to be signed in 2016, among which 45,000 contracts are from Budapest. 10,000 new flats have been sold this year and 5,000 from the capital. The most popular investment spots for real estate investments are districts 13 and 11.Sales of new homesNewly released data shows 10,000 new apartments have been built and the half of that was carried out in the capital this year.The sales of these new built apartments can be attributed...

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Hungary’s Real Estate Agency Market Holds Strong October 20th, 2016

As the real estate market is reviving, so is the agency sector linked to it. By investing the equivalent of the price of an apartment, up to two to three such offices can be opened.       In 2015, 135,000 properties were sold and bought in Hungary, a 20 percent increase compared to the previous year, and this year property market promises to be even busier. Dr Márta Szabó, head of business and network development at OTP Ingatlanpont was asked about her opinion...

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Budapest Property Prices Still Up September 6th, 2016

This year the sales of residential properties was about 60.000-70.000 countrywide. Apartments of 30-60 sqm were typically sold for 10-25 million HUF in Budapest. The price of new built apartments has grown, it is between 20 and 40 million HUF throughout Hungary. By the end of the year 10.000 new flats will have been ready to be sold in the property market - indicated the latest analysis by the Otthon Centrum.     Owner Changes In 2003 more than 270.000 purchase contracts were signed -...

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Small flats are being hunted for in the centre of Budapest -part two August 5th, 2016

In part two of our two-part article, we continue with the tendencies elaborated on previously – after explaining the preferences of investors and analysing the scarce demand on the leasing market, you can read about the groups that prefer living in the so-called party district less, or the reason why properties cannot be undersold anymore.     Moving away from the party district It’s clear that smaller sized flats are the most sought-after amongst buyers currently, while it’s...

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Small flats are being hunted for in the centre of Budapest -part one August 4th, 2016

Prices on the real estate market of downtown Budapest have stabilised, but many owners are still not aware of the actual situation. The presence of investors is still significant, while the leasing market continues to have an enormous lack of supply. Part one of two.        “The real estate market of the centre of Budapest has shown signs of consolidation in the first half of 2016, which means that demand has somewhat decreased compared to the craze of last year”...

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