Category: news

After four years of stagnation, the Hungarian property market has reached a turning point with the Hungarian government coming to power; according to market experts, significant changes are expected in the investment climate. The improvement in the country’s economic performance depends primarily on the release of EU funds and accession to the eurozone, and it is expected that the long-awaited increased foreign investor interest in the property market may come from the region, and perhaps first and foremost from the Czech Republic.

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.

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.