Property Market News from Budapest

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

Real estate prices are booming in BudaMarch 24th, 2016

Real estate prices are booming in Buda
The turnover of the real estate market of Hungary was exceptionally high in February in Hungary – the first month showed similar values than last year, the second month however showed a 10% increase compared to last year.       The cause of the increased turnover is not only the greater demand, supply also grew as many started to sell their estates and the new family housing allowance also entered the market. In total the first two months show a 5% increase compared to the same...


Construction projects increase in BudapestMarch 17th, 2016

Construction projects increase in Budapest
To keep up with the growing economics, increasing purchasing power and high demand of urban living, vacant lots are being developed and prices of new apartment buildings keep rising in popular districts. The new Family Housing Government Benefit (CSOK) and the reduced VAT of the newly built homes all favour the new-build market in Hungary.     Investments started before as well as new ones come-on stream   TriHolding Group responded to the growing demand of new built...


How the government changed the CSOKFebruary 29th, 2016

How the government changed the CSOK
Criteria about paying back the allowances and loans in the CSOK program did not change, however the 30 million Forints upper value limit of buying or building new apartments was abolished. The Hungarian government is not changing the conditions of applying for the CSOK as in applicants are still going to need social security coverage and be employed to get into the program. Other criteria however were broadened so the CSOK could reach more families. The price of 30 million Forints of for those who...


Speculators rule the real estate market of BudapestFebruary 12th, 2016

Speculators rule the real estate market of Budapest
Investors may lose ground on the real estate market of the Hungarian capital with the expansion of the government support family benefit (CSOK), but in the last month of 2015 the number of speculative transactions grew spectacularly in the city. Looking at the transaction numbers seasonality seemingly had no effect in 2015. Instead of continuously stronger quarters we saw a strong but roughly unchanging turnover in every quarter. Experts estimate the total number of transactions at 135 thousand...


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...


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...