Money flows into Budapest property funds

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ingatlanhirek.hu: While three years ago domestic property funds were plagued by a trend of funds withdrawal, the situation has changed significantly since. Simultaneously with the upswing of the residential property market more and more investors turn to property funds which, as a result of the inflow of capital, have become one of the most active buyers of the property market.

Record-low deposit interest rates redirect investors to property funds offering relatively high returns. Property funds are, on the one hand, happy to have this influx of capital, but are, on the other hand, under a heavy pressure. They must buy more and more new properties to maintain their comparatively high level of returns. One of the consequences of this pressure is that domestic property funds have become one of the most active group of investors of commercial properties in Budapest (offices, shopping centres, logistics centres etc.).

The rate of house price appreciation fell in April, with prices halving in some areas and stagnating in others.

hvg.hu 9/05 The rate of house price increases slowed down in April. The small momentum of the demand recovery in the first quarter faded out by April, which is good news for buyers, as more sales are expanding supply, making it easier to sell existing homes when moving on, and avoiding much higher prices when […]

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 […]