Changes in apartment prices between 2014-2016

> properties for expats, property sale and purchase, property sale contract, property sale contracts in English language, property sale contracts in foreign languages, property sale contracts in German language, sale and purchase contract, sale and purchase contracts for foreigners, sale and purchase contracts in Hungary > Changes in apartment prices between 2014-2016

napi.hu, 03.06.2016 – According to an estimate made by a large Hungarian real estate agency compared to 2014 the average price of used and new apartments in Hungary increased by 11.6 and 6.7 per cent, respectively. In 2015 the prices of used condominium apartments in some districts increased by 1-20 per cent compared to the previous year, while the price of new condominium apartments showed an increase exceeding 20 per cent. The prices of used houses and concrete high rise apartments showed a more moderate increase of 5-15 per cent.

In Q1 2016 apartment prices in Budapest were still on the rise. The increase of used condominium apartments was close to and in some downtown district even exceeded 30 per cent. For new condominium apartments and for concrete high rise apartments the hike was 25 per cent. Houses could be bought at prices almost 15 per cent higher than a year before.

Demand for housing was weak for most of 2023, but by the end of the year interest had increased, and from the beginning of 2024 the Csok Plus programme boosted the market

hvg.hu 16.04 In the first quarter of this year, home buyers took advantage of the new subsidy option in almost exactly one sixth of the loans, 16.7 percent. Of course, it was not only the Csok Plus programme that helped, but also the fact that interest rates have started to fall and inflation has also […]

Second highest house price increase in the EU since 2010 in Hungary

hvg.hu, 04 04 – In the last quarter of 2023, the average price of housing in the EU was 48 percent more expensive than in 2010 – Eurostat said. House prices in Hungary rose by 185 percent between 2010 and 2023. This is the second highest increase in the EU, with only Estonia 217 percent […]

Heirs left in the lurch at the probate hearing

napi.hu, 20.01 – Cryptocurrencies, social media profiles or documents stored in the cloud are increasingly common in probate proceedings. However, few people know that in lack of proper regulation and provisions, access to crypto currencies can be questionable for heirs, or that tech giants only allow access to deceased people’s data to those entitled to […]

Property and mortgage market data

napi.hu, 18.01 – More than a third of Budapest clients signed contracts for over HUF 20 million last year. Between September and December, for example, their share was 42%, which reflects an increase of 10 percentage points in 2021. The number of applications in this value range has increased steadily from quarter to quarter, to […]

Real estate prices have increased on the back of CSOK

napi.hu, 5 October – A study shows that the family home allowance (CSOK) has not improved the birth rate, but its amount has been incorporated into the price of homes. Three quarters of the subsidy was bunt up by the price rise, and the number of people having three children has not increased even in […]