The most expensive Hungarian properties are bought by Chinese buyers
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According to Heti Világgazdaság, out of the foreign buyers, the Chinese are the ones who buy the most expensive realties in Hungary, but those coming from Vietnam are also interested in expensive properties.
As Duna House’s statistics reveal, 90 per cent of Asian buyers resettles in Budapest, where they either buy a family house or a property in downtown Budapest. In the latter case, they aim to create a long-term investment.
László Hegedűs, the head of Duna House’s Hidegkút section told Heti Világgazdaság that most of their Asian buyers are interested in the suburban areas of the second district and of the sixteenth, as big family houses are in abundance there. The buyers are usually in their early forties, arriving in Hungary with their spouses and children.
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These buyers usually rely on their instincts and are quick to decide on the deal after they have seen the property.
They are also more keen on and better at bargaining than Hungarian buyers are.