Property Market News from Budapest

Read our latest articles about recent regulations, market trends and real estate prices in Hungary.

Real Estate Market: Some areas in Hungary gained advantage after the crisisDecember 16th, 2015

Real Estate Market: Some areas in Hungary gained advantage after the crisis
The Hungarian real estate market is characterized by a bipolar consolidation. In popular areas more and more homes are built along with the rising of prices, however economically underdeveloped areas could see a prolonged catch-up. The FHB House Price Index has increased to 182.2 points from 179.36 at the beginning of the year, which means nominal prices increased 2.7, real prices 1.7 percent compared to 2014. The price increase is continuous on the Hungarian market for over a year and it seems...

More

Houses Becoming More Popular On The Hungarian Real Estate MarketNovember 23rd, 2015

Houses Becoming More Popular On The Hungarian Real Estate Market
Family houses and larger apartments are also becoming more popular and expensive as the market continues to grow. But differences are huge: while one m2 costs 268 thousand Forints in the capital, it is only 48 thousand in the countryside. In the past year the price of used flats risen by 10 on average, while overall tradeoff in the market grew by 30 percent, according to data published by the Hungarian Central Statistical Office. Data suggests that this growth can be almost entirely attributed to...

More

Hungarians have to work a lot for an own property compared to regionNovember 5th, 2015

Hungarians have to work a lot for an own property compared to region
Deloitte has published it's study of 17 European real estate markets, among them the Hungarian market. It seems that despite Hungarian estates being cheaper than estates in other countries, Hungarian buyers have to work more to afford a home. According to the data the opportunity to purchase an apartment is below the European average in the country: on average people have to work for 7.8 years to earn sufficient amount of money for the purchase, while this number is only 7.1 years in the Czech Republic...

More

Hungarian family house market gaining strengthOctober 19th, 2015

Hungarian family house market gaining strength
In larger Hungarian cities the turnover of family houses increased by more than 10 percent while prices are slowly reaching the pre-crisis levels. In some parts of the country estates that are a few years old and are in a good condition are more expensive than newly built ones. Market of family houses in the Hungarian countryside is picking up speed, traffic and prices are both closing in on the levels they were on before the financial crisis hit. Compared to 2013 in some cities including Nyíregyháza,...

More

Fresh data shows housing prices skyrocketingSeptember 28th, 2015

Fresh data shows housing prices skyrocketing
Flats are getting more and more expensive, and based on the most recent data by FHB House Price Index the trend is accelerating. Nominal and real prices have both increased in the past quarter, with 8.2 and 9 percent respectively. Prices now are basically on the same level as they were in the first quarter of 2005 and at the end of 2010. Thanks to the increase in the past quarters average prices are currently only 10 percent less than they were when they were at their highest before the financial...

More

Is it worth it to legalize your rental?August 18th, 2015

Is it worth it to legalize your rental?
According to experts it is much more profitable to rent your estate legally for a number of reasons – and not just because you won't have to worry about paying heavy penalties. Signing a contract provides security for both the landlord and the tenant. If you have a valid contract, a great number of disputes can be settled quickly. If you don't have a signed contract, settling these can take a very long time – but if you do, you can even avoid conflicts before they arise. Leasing contracts...

More