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Real Estate Market News from Budapest, Hungary Browse dozens of articles on property prices, trends, facts and other useful information for investors and home buyers in Budapest.


Duna House Holding figures 11 921 property sales in February 2016 in Hungary based on the estimation of the representative sample of real estate transactions. In February the turnover was excessively high in the real estate market. The rate in the first month was that of last January. In February, however, the turnover rate came 10 % more than that of the second month 2015. There is no denying the fact that the number of the working days was higher this month, even so these data have been outstanding.…

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Balcony Apartments Outsell Properties without Balcony   In this part we present how balcony apartments can outsell properties both in Buda and in Pest. According to experts a balcony can raise the value of the apartment even with 1.89 million HUF. Balcony Apartments in Buda: the value of the balcony/terrace is the highest here there is more chance for the apartments to have a nice view or overlook green areas the price of the balcony/terrace is more than 46 % of the Sq. M price of the inner…

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Is a Balcony Worth it? This brief overview examines why apartments with a balcony or a terrace are great business opportunities for developers and investors. Apart from satisfying customer wants and needs, the construction projects with balconies and terraces are more profitable. Needless to say it is one of the most important factors for the investors.  Strict Rules Affect the Following Parameters: built-in capacity of the site height of the building floors constructed building with parts…

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The Most Wanted Properties in Budapest   Spring is here, spring is here, The flowers, the trees, The birds and the bees. Spring is here, spring is here, Everything is in bloom. - as goes the popular children song, but there has been a BOOM TOO IN THE MARKET OF BALCONY APARTMENTS. According to statistics with the arrival of spring there has been a growing interest in the apartments with balconies or terraces. Moreover, this interest has been gradually increasing since 2012. Real estate developers…

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It is yet to be seen how the Government Support Family Benefit (CSOK) will affect the construction and real estate markets on the long run – the former is still partly in hibernation after the years of the crisis, and by the time it catches up to demand, that demand may disappear. The first impact assessment about the effects of the CSOK has recently been published by the Fiscal Responsibility Institute Budapest (FRIB), and while it is a pretty static analysis (not accounting for movements…

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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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The reduction of VAT from 27 to 5 percent resulted in a significant increase in order numbers of prefabricated home manufacturers and distributors – but the lack of assembly team poses a problem as many of the professionals went to work abroad during the years of the crisis. According to József Kárpáti, head of the pre-fab chapter of the National Alliance of Construction Contractors (ÉVOSZ) their best year was in 2009 when more than 2200 light pre-fab homes were…

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2015 was a year of constant growth on the real estate market and was mainly driven with investors. The decrease of VAT announced at the end of the year will without doubt incite further growth in a number of areas on the market. Portfolio asked experts about what 2016 could bring – Dávid Valkó, lead analyst at OTP Jelzálogbank Zrt. thinks that the enthusiasm of investors in about to settle, however they will still be present on the market in great numbers in this…

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October brought a number of transactions on the Hungarian real estate market unchanged when compared to last year. One fifth of buyers are heading towards the 13th district of Budapest. In the tenth month of the year 11 842 contracts were closed, while in 2014 the same month saw 11 692 contracts according to estimates published by the Duna House network. In this year however the number of real estate sold increased by an overall 34 percent compared to the period between January and October last…

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The number of construction permits issued in the first 9 months of the year increased significantly, however the number of newly built flats declined greatly. In all of Hungary 24% more permits were issued, with an even greater increase in Budapest, where authorities issued 73% more permits. Newly built flats introduced to the market however did not experience a similar growth in numbers – in fact there was a 21 percent decline from January to October. Data published by the Hungarian Central…

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A coming of the fall did not stop the growth of prices on the Hungarian real estate market, but studies show that the pace of growth has slowed down a bit. Data shows that prices started to rise rapidly in the first months of the year together with the strengthening of demand. This however mostly was felt in Budapest, but not as much in the countryside. One of the main reasons behind this is that those who rent out their apartments for the short term are mainly operating in the capital. Rental prices…

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How can you Airbnb smart?

Airbnb is hugely popular, more and more people decide to put their apartments online instead of looking for long term tenants – but experts and Airbnb users say it is very easy to fail on this market if you are not prepared enough. Currently there are more than 8 thousand available accommodations on Airbnb. In 2014 around 150 thousand tourists visited them, but it is clear that outside Budapest it is a risky business to put your rental online: out of these more than 138 thousand rented apartments…

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August has been the weakest month in the last half year on the real estate market with only 11066 transactions according to the data published by Duna House. In the meantime real estate prices remain in a continuously increasing trend. Experts say that August may have produced the lowest volume in the number of transactions in the housing market, the slight decline is only seasonal. According to Duna House the same period last year showed a 19 percent decline in transaction numbers, and two years…

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After the crisis the real estate market went silent for years, but now it is clearly booming and the trend seem to just be getting stronger. Which means that landlords are not in so great need of the rent paid by ruinpubs anymore and they might decide to freshen up their development plans instead. This however presents a slight paradox as the "party district" of Budapest became so popular and expensive partly because of the presence of the ruinpubs. Most of these were opened in places where investments,…

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One third of buyers bought estates for investment purposes on the Hungarian market in July according to the newest statistics by the Duna House network. Invertors spent an average 19.5 million Forints on apartments 70 square meters large. One fourth of buyers however were buying their first own flat: they were mostly buying 60 m2 estates for an average of 18.3 million Forints. On the countryside a quarter of buyers acquired larger apartments for an average price of 16.5 million – they were…

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Real estate market prices are still on the rise according to the Hungarian Central Statistical Office. Also they are rising more rapidly – the price of used flats increased by 4.4% in the first quarter of 2015. Prices however are not increasing evenly across the country. The record is held by Western Hungary where used flats in small villages became 10% more expensive than in the quarter before. Meanwhile cities and villages of the Southern Great Plain provide a contrast: used flats in this…

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The 2011 census in Hungary provided some interesting data for the real estate market, including statistics about the average size of Hungarian apartments. As a rule of thumb, the size of the average apartment depends on where one lives. According to the census, the average sized apartment is 77 m2. In bigger cities however size decreases - mainly due to the fact that in these areas townhouses are more common. Differences can be clearly seen when we divide the capital into three areas. In inner districts…

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Before buying an apartment we have to make sure we have all information we need regarding e. g. the condition of the apartment and the house and the prospective costs. Condition of the Building The condition of the building tells a lot about its tenants. We can get informed about the property’s financial condition and the reconstruction plans from the joint representative. It is also recommended to ask for the energy certificate of the building. Contract When buying an apartment, one of the most…

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In 2014 apartment prices finally started to go up, but beside Budapest this trend has only appeared in a few counties. Reviewing the data of property website, Otthontérkép, you can check if your apartment is also worth more, than a few years ago. The data reveals how property prices per square meter changed between 2013 and 2014 in the districts of Budapest and in the country. Apartments in Budapest Cost 1 Percent More In 2014 in Budapest apartments cost HUF 230 thousand per square…

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According to the data of OTP Ingatlanpont apartments are 24 percent more in demand, and the number of transactions increased by 30 percent compared to last year’s same period. In Budapest Small Apartments Are Popular In Budapest the smaller, 35-41-square-meter apartments are the most popular: they get sold for HUF 150-240 thousand per square meter on average. The smaller – less-than-100-square-meter – family houses are also in demand: they are bought for HUF 250-370 thousand per square meter. In…

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