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

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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Hungarian Property Price Spikes Up in Pedestrian-only Zones August 3rd, 2016

The value of apartments in the Hungarian real estate market can be particularly increased by improving their direct surroundings. It is clearly reflected on the price development of properties situated on pedestrian-only streets in Hungary.       A pedestrian-only has a great importance Extensive international surveys demonstrate that the greater the pedestrian character of the surrounding area of a residential property, the bigger is the price premium of it.  After examining...

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Getting a new flat requires struggle – Part Three July 12th, 2016

In this series we’re publishing Portfolio.hu’s interview made with Tibor Nagygyörgy, Biggeorge Property Ltd.’s founder and owner. Following parts one and two, the final, third part of the interview contains thoughts about the prospect of price rises on the real estate market, about the company’s current developments and their clientele, and about the reason they only have developments in the Hungarian capital. The prices of new flats have become much more expensive this...

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Getting a new flat requires struggle – Part Two July 12th, 2016

In this series we’re publishing Portfolio.hu’s interview made with Tibor Nagygyörgy, Biggeorge Property Ltd.’s founder and owner. Following part one, part two is about the effects the halt on tax reductions could take on the real estate market, about how conscious buyers are and about tendencies in prices to be expected. How much do you count with tax reductions stopping by the end of 2019? I think everyone takes this into account. Developers are also more careful, not knowing...

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Getting a new flat requires struggle – Part One July 12th, 2016

The elevation in prices could further continue on the pre-owned property market, while the rise could not even stop in case of housing that has become considerably more expensive this year either. If many of those who meet the requirements of CSOK decide to resort to the state allowance in the following years, another wave can emerge on the market, to which the developers could react with an even larger rise in prices.   While this year, developers are continuously announcing the start of new...

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The rental business is enormous: encompasses 240 billion Forints of money June 28th, 2016

According to ingatlan.com’s estimates, a total number of 120-200 000 residential estates leased on a market base can be counted in Hungary. The average countrywide rental rate of these is around 100 000 HUF per month, which makes the total annual amount of the market between 144 – 240 billion Forints. If everyone involved fulfilled their duties of paying tax, this could result in sums of 19-32 billion only in Personal Income Tax. The demands and supplies for properties to lease...

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