Would you like to buy an apartment in the Hungarian capital? It is now or never!
In previous years, house prices in Budapest have been rising steadily. However, the pace of price increase has slowed, and in some districts, prices have not risen at all. Many experts expected prices to drop due to the coronavirus epidemic. This did not happen; however, the fact of stagnation is also surprising based on the experience of previous years. If someone wants to buy an apartment in the capital of Hungary, Budapest, this is the time because, in the future, the prices will probably only get higher.
The recovery of the Budapest real estate market started in 2014. The peak was between 2018 and 2019. This is well illustrated by the fact that in 14 of the 23 districts, house prices rose by more than 20% on average in one year. This dynamic price increase was interrupted by the coronavirus epidemic that spread through Europe in the spring of 2020. This also completely disrupted and made the real estate market unpredictable.
Many expected a huge price drop of up to 10 per cent.
This did not happen; however, instead of the previously double-digit rise, house prices in most districts barely rose. Moreover, prices stopped increasing completely in the fifth district, in the centre of Budapest. Among the most expensive districts are the fifth, the first, and the second district, while at the bottom of the list are districts XXIII, XX, and XXI, writes portfolio.hu.
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District XXIII was still the cheapest district of the capital, despite the fact that, on average, house prices rose the most here. It is difficult to predict what to expect in 2021. For the time being, it can be observed that the market is beginning to pick up.
The real estate market is already thriving in Buda.
Based on the first couple of months, no change can be seen in Pest. In addition to Buda, the agglomeration of the capital is also starting to pick up, as emigration to the agglomeration is becoming an increasingly strong trend. On the Buda side, in addition to housing estates, the demand for premium real estate is also growing. Due to the pandemic, many people are also looking for riverside and lakeside properties.
There was a low point in trade a year ago. In March 2021, however, for the first time in the last 10 years, the number of sales exceeded 15,000. Government home subsidies and the future relegation of the epidemic could provide a further push to rising property prices. So, if someone would like to move to the beautiful capital of Hungary, there is no time for hesitation.
Source: portfolio.hu
So are you selling your history, heritage and souls to the Chinese as well? Asking for a friend.
If you have learned Hungarian history you would realise: We Hungarians have never sold our souls, heritage or our history.
We could say that every inch of our land has been drenched with Hungarian blood in defence of our
freedom.
In spite of the constant vicious attacks from our enemies we have prevailed and so we shall in the future.
May I ask what has it got to do with real estate?
People are buying real estate in Hungary for the simple reason because it is still comparatively inexpensive compared to other European countries.
Respectfully to Observer, if we are happy in Hungary, which is not the position I support, the trend over the past (5) five, years that the “shakers and movers” – the Investors mainly for rental income and taxational benefits in their “home lands” are, in this order below, then the “consequences” of this continuing trend, in these times that we ALL live, citizens in May 2022 by “right of vote” can have their say.
Priority – continuing and expanded creativity must be seen out of Government – that entice encourages the young first home buyers and investors of Hungarian heritage and blood line, that will ensure our souls, land and history, are not taken from us.
If we as a country, don’t “get down and dirty” – on our souls, our land, and look at our history, we may perish.
Is Budapest, Hungary, becoming a major junction in the new Silk Rood from East to West ?
Worth thought and look at the History of the Chinese when they have “moved” in, which does not make over-all a pleasant read.
We have to powerful in our right to vote in the 2022 National Elections to stop selling our lands look at History the blood that has been shed to have what we are left with in 2021, and learn from History and act on History.
It is a Factual educator and NEVER Lies.
The BIG Three are :
(1) – Chinese.
(2) – Vietnam.
(3) – German.
The government moratorium on mortgage payments has ended. House prices are up all over. About a hundred companies have been licensed to “process foreclosure”. Prices are about to crash. There are also a lot of apartments coming in to the market soon. My guess is the developers paid for this article.
Also you’ll need renovation. Any Hungarian with skills has left Hungary. They want to charge London prices and provide rubbish workmanship.
Hungarians also hate all foreigners. Everything you do will be difficult and they will all try to scam you for the tiniest amount of money.
However, it’s safe, no theft to speak of. Many good values and generally very hospitable people. Living cost are low. I also like the weather.
You need to buy now as the prices are high, later then they will drop the developers wont make much profit. Also the 5% tax on the newly build entirely absorbed by the developer\seller because hey the buyer will pay the same if it was 27% VAT anyway, plus last year the sale were very low so now they need to get back on huge profits. Also buy now because the prices for newly build in 2021 went up only by 22% since 2020 (VAT went to 5% yet the price remain the same which means the price before VAT went 22%) Also buy now because based on the last 5 years growth(real estate only) the prices will only go up 40%-50% in the next 2 years because there is no impact from “Corola” with the economical disaster that will trigger(Eu and globally) once the governments will do the “end year”. And remember that Hungary’s economical growth from past years was based only on consumption and 2020 and 2021 was, you know no bueno for retails and commerce not talking about tourism. I am curious when will we see the real numbers ? next year when ‘you know who’ will lose the elections or win it but no need to hide anymore (blame EU and immigrants). But sure go to the bank and take a 50-70 mil loan to buy a decent modern home and pay it in 30 years because the interest so very low and banks wont eat you alive. Pay 1-2 mil per m2 because Budapest is still cheap compared to West , we also have Western salaries, benefits , and other western advantages (free press, honest politicians, and equal opportunities). Great article Sir, now book a nice restaurant with the money you got from the developers (real estate moguls) , operantly the pandemic is finishing every milestone the government is setting in numbers of vaccines ; ps dont wear a mask no need the vaccine will protect you , also the rain wont touch you either and you can fly now , go try it but make sure is high enough .
interesting, my previous comment was not posted.
Long live the free press