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

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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Last Chance to buy a New Apartment in Hungary? March 16th, 2016

Constructors could not be happier about the recent price growth  due to latest real estate market changes according to the analyses provided by the Hungarian Real Estate Research Centre.   Top questions to ask before purchasing a new apartment: Can competition of future projects in growing number reduce the price growth? Is it worth waiting for the supply on the Hungarian real estate market for one or two years? Or is it the last chance to purchase a new apartment now? Two considerable...

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BOOM! Hungary's Exploding Real Estate Market in February March 6th, 2016

In February there was an excessively high growth in real estate market according to estimations based on its own calculations and data of real estate franchise system Duna House Holding (DH). Almost 12.000 properties changed hands in Hungary. It exceeds data from last year by 10 %. Supply has grown by 10% compared to last year. Family Housing Government Benefit (CSOK) and exchanging all loan capitals to HUF can be in the background.                                             ...

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Regional Differences in Hungarian Property Prices in 2016 March 6th, 2016

Experts forecast 50,000 and 100,000 families applying for new Government Support Family Benefit (CSOK) in the next four years. Real estate contractors cannot keep up with the renewed demands, thus in the short run – with regional differences – prices of the new built properties are expected to increase by 5-25% in 2016. The target group of the Government Support Family Benefit (The CSOK ) can be more hundred thousand families. The CSOK can have a telling effect not only on the market...

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Real estate market to gain further boost March 3rd, 2016

According to prognosis the changed rules of the government support family benefit can generate further boost in the market of used apartments, however, rise in prices would go on. The government tempered the rules of the support family benefit.  They abolished the 30 million HUF price limit of the new apartments that can be purchased as well as terms of the subsidy of used apartments also have become more favourable. Consequently, regional differences of threshold disappear and subsidy after...

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It is worth to buying instead of renting now in Hungary February 19th, 2016

According to the latest analysis by FHB young adults can buy properties under exceptionally good conditions on the Hungarian market. A square meter of an average sized apartment costs an average monthly revenue 1,27 times. Young couples are in a very good position to buy their first home, particularly with the government support family benefit (CSOK) and the VAT reduction that has taken effect on 1st January. In the past six years those who wanted to buy homes gained better and better positions...

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