Number of homeowners record-breaking in Hungary

1 Comment

1. Norbert : says:

   29/11/2021 at 11:43

   Netherlands and France – Major population variance to Hungary.
   Netherlands = 17 million.
   France = 66 million.
   Hungary = 9.5
   Important FACT – average age of population – France = 41 years of age.
   Netherlands = 43 years of age.
   Hungary = 43 years of age.
   Population numbers of the Netherlands & France continue to GROW.
   Population number of Hungary = continues to Decline – more Deaths yearly than Births.
   Larger populations – larger number of apartments, flats and housing – than Hungary.
   Wages – in Netherlands & France – across the board are – Higher in the Netherlands and France – than Hungary.
   Cost of living in Netherlands & France – substantially higher than Hungary.
   Cost of Housing – apartments, flats & housing plus Rental accomadation – substantially Higher in Netherlands & France – than Hungary.
   These are additional points of important relevance when looking at the content of this article, that gives additional information, when looking at housing affordability – percentage of population living in property of there ownership, especially comparing Countries – which have variants, that to a degree “cloud” the over-all picture.
   Hungary – decade of rising Property – across the board increases.
   Hungary – continues to be Top Heavy = sellers market – short of buyers.
   Hungary – continues to Build on – Apartments, Flats, Housing – Renovations of Properties – Warehousing & Storage Facilities and continue to Build New Hotels.
   Hungary – witnessed post February 2020 – which was NEEDED – disappearance of Foreign Investment into our Property Market.
   The Big (3) – over the past decade in this order :
   (1) – Chinese.
   (2)- Vietnamese.
   (3) – Germans.
   These (3) – very instruemental a major force that DROVE – the Property Market to the HEMISPHERIC altitude – we see it to-day.
   Sellers in a deformity or distortion of number – out number = BUYERS.
   Hungary – faced with the on-going ravages of this Novel Coronavirus, the un-known of the latest strain Omicron – the on-going – Jittery & Flippancy in Behaviour – of the Global Financial Markets, what the future trends in the Hungarian Property Market – the direction of the Market = predictions are they HAVE to – Fall out of Bed.///
   Interest rates = Rising.
   Hungarian Forint = massive on-going devaluation against Major Influencial Currencies of Europe & the World.
   National Elections = April/May 2022 – likened to the Future of the Property Market – predicting with Great Confidence who will be in Government next in Hungary.
   Inflation – we know it is Happening in Hungary & U.S.A. – big jump and looking a Global “challenge” to Governments.
   “Don’t look a Gift Horse in the Mouth” – an expression meaning don’t be unappreciative, thank-less or un-gracious, on receiving gifts from others.
   The landscape of the ENTIRE – Property Market in Hungary – walk and tread – CAREFULLY.
   Don’t make Rash nor quick decisions.
   Bide your Time, before you decide to make what is PROPERTY a lifetime Investment.
   Hungary – must because of the SATURATION of Properties on the Market – to SELL – that continues to Increase – in Seller dominance – must continue to build on – further create ways – through Mortgage Lending & Finance – that WILL allow, the entry into the Property Market – to make a Lifetime Investment – the YOUNG of Hungary – from “all stations in life” of the Hungarian population.
   The Government – must “Pain Itself” – deepen its PAIN – for the YOUTH of Hungary.
   Who are the FUTURE of Hungary ???
   If we build a – CORE – into the mechanics or componentry of our population, that in there – YOUTH – they received Opportunies – in this case to enter into purchasing Property – this is WHAT – in this day and AGE – needs Governments to place higher on there list of Priorities – to care and look after – the FUTURE – the youth of Hungary.
   Young & Old – Wow – challenging times we live in Hungary.
   Think its easier spending a day “on the punt” at Kismet Park – trying to back a winner or two, than predict – the Future of subjects made mention in my commentary.