2014 is expected to be a good year for the investors: the number of those who are interested in buying property increased by 10 percent. Mostly indoor garages and apartments in panel buildings are in demand. Most buyers apply for a loan unlike last years, when paying with cash was more common.
The Hungarian real estate market had a good start in 2014: the number of those who are interested in buying property increased by 10 percent. The growing interest is partly thanks to the favorable loans, the state supplies and the low prices. Now it’s really worth to buy property as an investment but for own use, too. According to the opinion of experts in 2014 mostly indoor garages and apartments in panel buildings will be in demand. Most buyers apply for a loan to buy an apartment this year – in the past years paying with cash was more common. The Budapest market is the busiest, but that of the county seats – like in Kecskemét or Győr – is busy, too. The HUF 10-million-worth apartments with 1.5-2 rooms are the most popular in the whole county. In Budapest those of the city centre are most in demand (e. g. on Ferenciek tere), and the environment of the Metro Line 4 to be opened in March is also popular (e. g. in South Buda). Since the property prices are low, the investors can expect high output.
Indoor Garages and Apartments in Panel Buildings are Popular in 2014
It’s a good investment to buy a parking space in an indoor garage, since it’s much cheaper than an apartment, and if the supply is low at a certain region, it’s easy to sublet, even for a long term, and doesn’t require a lot of work from the owner. Mostly those heated indoor parking spaces will be in demand that are close to the city centre and/or to the metro stations, and are located in a newly-built block of flats. These usually cost HUF 2.5-4million in the city centre and HUF 1.5-2.5 million in the suburbs. The apartments in panel buildings will be high in demand, too: the renewed ones that are close to the suburban metro stations are easier to sublet, and can generate a higher output than the apartments in brick houses.
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