hvg 06.03 More and more people are putting their properties up for sale, and the number of enquiries has also surged, yet price rises amounted to just 3.5 per cent in the first four months of the year.
The latest data points to a revival in the housing market, according to a statement from ingatlan.com. As they note, both supply and demand for properties for sale are picking up, but this has not yet led to a massive, but rather a relatively modest rise in prices. The increase in owner-occupied properties on offer is only 2 per cent year-on-year, but by the end of May there were nearly 40 per cent more houses and flats on the market compared to 2022.
Author: admin
The property market has gone wild
telex 2 February 2025
Prices have skyrocketed, advertised properties are selling within days, buyers are bidding against each other and offering prices that are millions of forints higher than the asking price.
The price increase began in January 2024 and accelerated in the summer because 2023 was a sluggish year for the property market, partly due to high inflation and because many people preferred to save, for example by buying government bonds with favourable interest rates. However, inflation fell in 2024, reviving demand, which began to catch up with supply, which in turn began to shrink.
Prices also rose because the market began to price in expected demand for 2025.
The high demand that has been stimulating the property market is likely to subside in the first half of the year, but prices are not expected to fall.
"If it's a lawsuit, so be it"?
There is a legal position that even a bad settlement is better than a lawsuit. There is a lot of truth in this. In Hungary, lawsuits take a long time and their outcome is unpredictable.
A bad settlement is better than a good (won) lawsuit. Lawsuits are expensive, time-consuming, stressful and risky (their outcome cannot be predicted with complete certainty).
Always try to reach an agreement. A significant proportion of civil lawsuits can be resolved through settlement with a little goodwill and a minimum of decency. Use a lawyer with the appropriate experience as a mediator to bring the parties to the table and help them work out the most appropriate solution. This can save a lot of time, money and stress.
How much do you owe?
If we have a monetary claim against someone, we must ensure that only the principal amount is taken into account when determining the value of the claim.
If we have a monetary claim against someone, we must ensure that only the principal amount is taken into account when determining the value of the claim.
Interest must be included in the claim, but it is not included in the value of the claim. This is important in terms of the amount of the procedural fee and jurisdiction.
Seeking justice, but where?
In any court proceedings, we must ensure that we identify the court with jurisdiction and competence.
In any court proceedings, we must ensure that we identify the court with jurisdiction and competence.
A claim filed in the wrong place will not be lost, as the courts will forward it to the competent authority, but due to the heavy workload of domestic courts, especially those in the capital, such mistakes can result in a delay of several weeks or even months.
Attitude? Defiance or cooperation?
Let us endeavour to assist the proceedings as correctly as possible.
Let us endeavour to assist the proceedings as correctly as possible.
Delaying tactics – in addition to being punishable by a fine – may turn the judge against us, which in cases where there is considerable scope for judicial discretion may even result in losing the case. Let us never forget: judges are human beings too!
Who's sitting in the back row?
Court hearings are, as a general rule, open to the public. We must accept that anyone can sit in on our trial as an observer.
Court hearings are, as a general rule, open to the public. We must accept that anyone can sit in on our trial as an observer.
However, we should be careful not to invite friends, relatives or acquaintances. On the one hand, because judges do not like this, and on the other hand, because we cannot always be sure whether any of them will be needed as witnesses later on. This could be prevented if they were present in the courtroom during the earlier stages of the trial.
"But that's obvious!"
Unfortunately, the trial is not about truth, but about provability.
Unfortunately, the lawsuit is not about the truth, but about provability.
We must always keep in mind that what seems obvious to us will only be obvious to the judge if we can prove it. In civil proceedings, there is no ex officio evidence; even if the judge sees what evidence would help us, he or she will not order it if we do not request it.
Why is a good income important?
During a trial, the court is bound by the motions and legal statements submitted by the parties.
During a trial, the court is bound by the motions and legal statements submitted by the parties.
Therefore, if we are entitled to something on legal grounds "A" but try to enforce our claim on legal grounds "B", we will lose. We should not trust that the court will take this into account even in the case of a wrongful claim, just because we feel that we are right.
Will the judge help?
If we decide to embark on a lawsuit without a solicitor, we cannot expect any meaningful assistance from the judge.
If we decide to go to court without a solicitor, we cannot expect any meaningful assistance from the judge.
However, if we notice that the judge is emphatically drawing our attention to the fact that we have the right to seek legal representation during the proceedings, this usually means that we are doing something wrong. At this point, at the latest, it is time to consult a solicitor.