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Unique rise in real estate investment volume in Hungary!
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In Hungary, the investment turnover of the first half of 2021 increased by 10%. This positive tendency is unique in the Central European region. By the end of the year, domestic investment turnover is expected to be up to 25-30% higher than last year, but the pandemic is still a serious risk globally.
According to the latest research of CBRE, real estate investment volume doubled globally in the first half of 2021 compared to last year’s figures. Many countries exceeded expectations, including the United States and Asia-Pacific countries, where pre-pandemic levels were reached. The remarkable growth was experienced in countries where the vaccination programs had been successful,
resulting in a reduction or complete abolition of travel restrictions.
As far as Europe is concerned, the recovery is slower; the continent is expected to reach pre-epidemic levels by the end of this year. Based on current figures, Northern and Western European countries perform better than the southern countries. Besides the UK, which is approaching pre-epidemic levels, Germany has also realised a strong recovery due to the domestic turn of German investors.
In contrast, the recovery of the Central European market is still slow: in the first half of the year, the volume of investment in the region was EUR 4.1 billion, which is a 33% decrease compared to the previous year. Several differences can be observed on a regional basis dependent on cross-border capital movements, the majority of which is still limited due to travel restrictions. However, the good news is that the Czech and Hungarian markets had better reliance on domestic capital; thanks to this,
Hungary – uniquely in the region – has achieved a 10% growth in investment volume of EUR 550 million compared to the first half of 2020.
Read also: Is Hungary’s economy relaunching faster than in other EU countries?
According to CBRE’s calculations, the Hungarian market will continue to grow slightly by the end of the summer; as a result of which, investment turnover may exceed EUR 700 million by September, as well as the level of investment volume in Hungary can reach EUR 1.2-1.3 billion by the end of this year, realising 25-30% growth on a yearly basis. Further recovery is expected in the US and the UK. However, the pandemic is still a serious risk globally, as a possible new wave and the associated travel restrictions could significantly slow down the economic recovery.
This artical – Dissertation/Thesis in size – covering numerous components making up the Property – Real Estate “landscape” in Budapest, Hungary – needs to unveil, disclose and make publicly transparent – answering the following prevalent question(s).
– Property – Real Estate Investors post February 2020 in Budapest, Hungary – who are they ?
– What percentage of these “supposed” investors are from Foreign Lands ?
– Purchased Properties – what is the percentage that are going to be – Owner Occupied ?
– What percentage of Purchased Properties – are investment – SOLELY – to generate just Rental Income and with – ALL – the taxation benefits granted from and by the countries the Investors Live ?
– If Property is Purchased as an Investment Property – not to be occupied by the Purchaser – as there place of Residency – but for Rental Purpose – if the Property remains Vacant for a period of time – not Leased nor tenanted – DO they incur Penalties ?
These are just some questions that need answers and disclosing – made public – to give a Higher and Greater Explanation of the subject of this article.
Hungary – the young – the first home buyers making a Life-time Investment for their FUTURE – it is Paramount – they are given provided by the Government of the Day – absolute first priority support and assistance – purchasing a PROPERTY.
Hungarians – of all age groups – should and Deserve – to be PRIORITIZED – over and above – those that fall under the catagory title of – Foreign Investors.
Government of Hungary – this message should be an on-going wake up call -that from the “seeds you sow – you shall reep.”
Hungary – in an ageing population – a decreasing population – grave and concerning horrendous indifferance – in the death to new born children ratio – the people of Hungary – Must be – have the Right to Be – the Government of the Days – PRIORITY.
February 2009 – February 2019 – Decade – in these (10) ten years – Forign Investment into the Property and Rental Market – Warehousing & Storage Facilities – the Top (3) three countries in the following order were :
(1) – China.
(2) – Vietnam.
(3) – German.
Hungarians – FIRST – then those from other lands second – but Hungary – FIRST.