5 Reasons to Give Exclusivity to Your Real Estate Agent in Budapest May 18th, 2016

Some would say it is a good deal only for the agent. Is it true?   At first sight we tend to think that we lose some opportunities not using as many agencies as possible. Let’s see how your property agent is effected by an exclusive mandate and what are your benefits to sign one? 1. You Pay Less Commission The majority of real estate agencies in Budapest offers lower commission in case of an exclusive agreement is signed. Even half percent difference can save hundreds or over a thousand...

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Property Prices Skyrocket throughout Hungary May 12th, 2016

Housing prices in Hungary have reached pre-crisis levels following a recovery last year, according to the Hungarian National Bank (MNB).  Here come the most recent data Home prices climbed by 12% year on year in Q1-Q3, according to data compiled by mortgage lender FHB, and prices for resale and new homes increased by 10.4% and 8.7%, respectively, according to the Central Statistical Office’s data. “Overall, we view the recovery on the housing market as favourable. The dynamic...

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CSOK has partly ruined the used properties market April 20th, 2016

What does it mean for a property to be deemed unsellable? That’s a practically non-existent category, but still, many problems can surge when trying to put an estate on the market. Everything can be sold under a certain price point, but understandably, most people as sellers want to stick to reasonable figures. Real estate agency Balla Ingatlaniroda has recently tried to determine the factors that can make a property exceptionally difficult to sell.   Despite the fact that everyone’s...

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London keeps the Global Finance title - Budapest maintains its position April 12th, 2016

Britain's capital is the most competitive place to do business, topping every category measured by the Z/Yen Group this year.   Exit of Britain from the European Union can have a negative impact London is still the leading global financial centre. The British capital remains just ahead of New York Singapore climbed to the third place and two points ahead of Hong Kong according to a survey by London-based research firm Z/Yen Group examining the major financial centres' global...

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Better hurry: estates qualifying for CSOK are getting more expensive March 30th, 2016

The government has installed a more forgiving set of rules for the recently introduced home allowance program, abolishing regional limits and making child benefits uniform. According to ingatlan.com’s report, the average countrywide price per m2 of used brick-built flats bigger than 40 m2 that qualify for the program was 338 000 HUF at the beginning of February, which indicates a 2% increase in price compared to the costs effective at the end of last December. The price of apartments...

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Residential properties getting radically more expensive due to CSOK March 21st, 2016

January saw a 6% average price rise concerning new flats between 60 – 150 square metres of size, mainly due to the recently introduced home allowance program – as reported by ingatlan.com. Their report is based on the comparison of prices effective at the end of last December and the more recent prices effective at the end of January – using 85 000 advertisements for new flats, parcels and used flats as data. Prices were very different, determined by what city or town the...

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