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

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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Prepare for 2016! Meet Our Experts in London! February 17th, 2016

Do You Know… …That the new Hungarian Government Support Family Benefit may influence the value of your Hungarian property? …How Airbnb transformed the rental market in downtown Budapest?   Meet Hungarian real estate experts in London on the 9th and 10th of March, 2016! Get a Free Market Review from Budapest Get a Free Sales and Rental Valuation on Your Property Get Help in Your Property Management Related Questions   Call our UK Toll Free Number 0-808-189-1343 or click...

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How difficult will it be to spend the government support family benefit? February 9th, 2016

The government support family benefit (CSOK) in Hungary provides 10+10 million Forints to families with three children with minimal risk, supply and demand however don't meet everywhere. Where there are no investors many would have to resort to building their own homes. The allowance is naturally tied to a number of conditions. Those who want the 10+10 million must spend it on hoes with all modern conveniences, apartments must be at least 60 m2 in size and houses at least 90 m2, and they must possess...

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Properties in Budapest are easily sold January 19th, 2016

In the past six weeks only one in seven properties were sold on the market, but Budapest is performing way better than the Hungarian average: for every 3 unsold property there is one that was successfully sold. It would be easy to think that the upswing of the real estate market is a nation-wide trend, but it is not the case. Currently on third of the transactions is for investment purposes according to Otthontérkép, and most popular are the smaller, recently renovated properties located...

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Decreasing the VAT could bring an even greater boom on the real estate market in Budapest January 6th, 2016

The Hungarian government recently presented a new pack of laws, which contains the long-awaited decreasing of VAT in the case of home constructions. According to their plans VAT will be reduced from 27 to 5 percent between 2016 and 2019.   Currently there are 8-9 thousand new home introduced to the Hungarian housing market every year – according to governments estimates the reduction of VAT could add 3-5 thousand to this number. The government wants the new, decreased VAT to be able to...

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Hungarian Real Estate Market Could Set a Record in 2015 December 16th, 2015

The real estate market of Hungary produced the same numbers in November than it did a year earlier, around 10-11 thousand estates were sold in the period both years. According to the Duna House Transacition Number Estimate roughly the same number of estates were sold in November than in 2014 – the same was true for the previous month, October too. The turnover is almost identical, however the prices of estates have risen significantly in the past year, and private buyers are slowly adjusting...

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