Hungarian real estate prices could peak – Will the bubble burst?

2 Comments

1. Concerned : says:

   13/12/2021 at 12:43

   The Hungarian Economy continues to “trend” in a downward inclination.
   The “Core” indicators that are the measuring stick, to access the Economic & Financial performance of a country, for Hungary, they ALL are heading in a direction, that are CONCERNING.
   (1) – Trade Deficit – over past 4 months continues.
   (2) – Forint – continues de-valuation against the major european / global currencies.
   (3) – Inflation – at highest leval in 14 years and will INCREASE.
   (4) – Interest Rates – over past 4 months increased and will continue to RISE.
   (5) – Employment figures – increases in past 4-6 months – will through WEAKNESS of the Economy Soften/Decline
   (6) – Un-Employment – numbers – will increase – DUE – to allround pressures on the Economy.
   (7) – Rising Government Debt – in there effort to “Hold” the Economy to-gether, through Borrowing – receiving No European Union Funding, due to the on-going ARGUEMENT – the Governments next – Plan of Attack, besides already announced Project cut backs – what is there NEXT – measure to Hold the Economy to-gether ???

   The Govenor of Hungary’s Central Bank – Gyorgy Matolcsy – spoken openingly of Hungary’s need to “rebalance and restructure internally” – the present direction and Economic Financial Platform, set on – by the present Government.

   Is the mesage of Gyorgy Matolcsy – to the Government – Stop Spending – otherwise we are looking at a worsening Economic Financial Picture – than what presently – we are seeing occurring in Hungary ?

   The BUBBLE – has commenced in the Landscape of the Property Market in Budapest, Hungary – which WILL result in prices – in probability – lower by 8% to 12% – from there present “mean” level.
   Sellers – override – smother – BUYERS.
   We Build on – new apartments, flats, renovation of the old houses, flats apartments, inclusive of – new warehousing estates for Storage – and BUILD on – New Hotels.
   We Build on – worsening an already oversupplied SELLERS market – that is SHROUDED/Covered & surrouded – in a seriously – weakening Hungarian Economy.
   The Chinese, Vietnamese & the Germans – are NOT buying – and these (3) countries – in the order written, through there buying/purchasing power – Foreign Investment – the principal catalyst – and Reason – WHY – the leval of Property Values – in Budapest, Hungary – have reached these “above the clouds” prices.

   The “Core” – Economic & Financial Indicators internally within Hungary – the wider European Union Member Countries, Great Britain inclusive of the U.S.A. & China – this is the WIDER Picture of the World – that Hungary needs to pay extreme close attention, as to – what is Happening in there Economys.
   Vulnerability – Uncertainty – through the arrival post February 2020 – the Economic & Financial Markets of the World – have CHANGED.
   This change – the “ebbing & flowing” – underpinned by Uncertainty within the Global World – we will witness for the next 2-4 years – as the process of realignment – GOES on – of Global Economic & Financial Markets – evidenced signs – of the Global Economic & Financial Markets – discovering / finding – through the cataclysmic effects of this ongoing novel virus – the NEW Core – of what purpose they play – to the FUNCTIONALITY – in the Global Economic & Financial Markets.
   The World – post February 2020 – has CHANGED and vital Core Ingredients of the World – Economics & Financial Management by Countries – has NEEDED to Change – being part of the Global Economic & Finacial Landscape.

   Challenging & ongoing interesting time we live in Hungary & Globally but the World has changed and we must change with it – to our way of life and comfort sustainable on-going for our future existance.

2. Anonymous says:

   14/12/2021 at 19:47

   Almost word for word the same article that the DNH has run for about 3 years, several times each year. Yawn!