How often do Hungarian residents change their places of living?

Quantity theory not only exists in monetary economics but in the real estate market as well. It allows experts to measure how popular Hungarian residential regions are, to follow the money-transactions related to real estate and to follow the movements of residents from one flat to the other.

Read alsoThese are the current flat prices in all Hungarian counties

Portfólió reported that this phenomenon has increased to its double since 2018. Eight Budapest districts and regions of Tatabánya, Nyíregyháza, Komló, Dunaújváros, Várpalota, Pécs, Szeged, Veszprém, Győr and Miskolc, showed the highest numbers in the rotations and movements of residents in the recent months. Statistics showed that the desire to move to cheaper counties from the capital and smaller towns has increased rapidly among people.

The most popular county is Fejér, while the most favoured town is Tatabánya. Győr-Moson-Sopron, Baranya, Komárom-Esztergom and Veszprém counties are also among the top ones in Hungary where most of the residents would like to move.

The most famous district in Budapest remains to be the so-called party district (District VII) where one flat got a new owner after the previous owner moved out after an average of twenty-five years. Districts VI and VIII are also among the most searched parts of Budapest for an available flat. 

Experts estimate rapid changes though in the real estate market of Hungary after the coronavirus epidemic ended. 

Featured image: www.facebook.com/spiceofeurope

Look how much the most expensive and the cheapest flats cost in Budapest now

Real estate prices in the Hungarian capital were skyrocketing before causing that living in Budapest was more expensive than doing so in Vienna. However, coronavirus and the approaching economic crisis stopped and even already reversed that trend. Portfolio.hu collected those flats in Budapest that are somehow special currently in the real estate market because of their price, location, the number of rooms etc. They chose those from the 24 thousand flats included in the Budapest real estate report.

READ MORE HERE

Source: www.portfolio.hu