Where do Hungarians buy apartments for the summer season?

Usually, in the spring, the requests for summer cabins and apartments increase, and many people start to organise where to spend their holidays. Besides Central-Europe’s biggest lake, Lake Balaton, Lake Velence and Lake Tisza also become more popular every day. The needs and requirements always change, but most people find the appropriate estate. However, it is important to be careful.

Portfólió reported that the changes in the customers’ demands and needs also made the trends of summer apartments different in the past years. For decades, the most popular estates were the usual smaller houses with a garden, but today, many Hungarians choose the comfort of an apartment house. Investors reacted to this rapid change immediately.

On the south coast of Lake Balaton, newly built apartment houses follow each other like mushrooms after a heavy rain. Comfort is not cheap as one square metre costs approximately 1 million HUF (3000 EUR) and 80% of the customers buy apartments to invest in them. The most popular towns are Siófok, Zamárdi, and Balatonlelle.

[button link=”https://dailynewshungary.com/balaton-real-estate-boom-over-3000-euros-m2/” type=”big” color=”orange” newwindow=”yes”] Balaton real estate boom: over 3,000 Euros/m2[/button]