Lawyer's addressLövőház utca 20/A.
1024 Budapest Hungary

Attorney's phone number Tel.: +36 1 316 9233
Law office's fax number Fax.: +36 1 336 0107
Attorney's office e-mail

Property prices to decrease in 2021, 04.12. – For the next twelve months experts expect to see a residential property price decrease of 3-4% on average in Budapest. With the exception of the green belt of Buda and of detached houses market expectations have changed for the worse, i.e. market players expect that oversupply will increase in the future. In the country, however, the outlook has improved a little. In the Eastern part of the country two of three experts queried expect to see stagnation; the overall forecast promises a 3% price decrease. In the Western part of the country, on the other hand, 72% and 22% of property experts expect stagnating and decreasing prices, respectively. According to the overall prognosis the price decrease will be a mere 2%. As far as property rental fees are concerned 57% of experts say there will be a decrease, 36% expect stagnation and a mere 7% believes rental fees will increase in 2021. The expected decrease (5%) is smaller than  before.