Is it worth again to invest in Hungary?
Commenting on Moody’s change to the outlook of Hungary’s Baa3 sovereign rating to “positive” from “stable”, Finance Minister Mihály Varga said Hungary’s rating was “unique” in the European Union as the no other member state’s outlook had improved in the past six months.
In a video message released on social media on Saturday, Varga said Moody’s assessment reflected the increasing strength of Hungarian economic policy.
Moody’s, he said, regards Hungary has showing greater resilience compared with other European states, based on its performance in recent years. Further, the agency expects
the country’s economy will continue grow once the epidemic is over,
he added.
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Other ratings agencies have a similar view to Moody’s, he said, adding that they recommend Hungary’s sovereign debt with investment grade. He said the recognition was especially needed since it would provide an important plank in the foundations of measures to combat the coronavirus crisis.
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1 Comment
Think keeping the cheque book, locked firmly away in the safe in the study,
could be the safest place, for the immediate short term period of time.
It will be interesting, in time, watching and observing, which will again happen, but still 18 months off, when the big foreign investors move back into the property market in Budapest, Hungary, the behaviour, that the market will play.
Presently, they may be getting “scorned” and “battered”, in their property markets of their registered places of residency or citizenship.
I would be delighted to see greater financial assistance be provided to the younger first home buyer- flat or apartment, that are citizens or residents of Hungary.
Whether you are single or married – male or female, we should consider making it a level playing field, for all the young, encourage them, provide financial assistance to them, to invest in purchasing their own property.
We have an abundance of properties for sale and to choose from in Budapest, Hungary, which numbers of vacancy and in stages of construction, “flooding” the market heavier, in number of properties for sale, which “fears” me, what could eventuate, if we don’t sell them.
Get the young involved, encourage them to invest and assist them.
It’s a massive investment for Governments into the future short and long term – win/win – for the investor and Hungary.
Stay Safe & Well -ALL.