Property market records in 2020

napi.hu, 04.01 – The property market may have stalled in 2020 but the quickest sales still happened within a single day: in Budapest a 200 square metre detached house in District 22 was sold for HUF 38.9 million within 24 hours in May 2020. Another detached house with a floor space of 110 square metres and two bedrooms on a 1000 square metre plot in Hajdúböszörmény was also sold within a day. The priciest residential property of Hungary at the moment is a residential palace on Andrássy út: its 2000 square metre, luxurious living space is located on a 1000 square metre plot and it is on the market for HUF 6 billion. The most expensive concrete block apartment was sold not in Budapest but in Siófok at Lake Balaton: the 79 square metre property fetched HUF 74 million. The least expensive home on sale, a 60 square metre derelict clay house on a 600 sq. m. plot in Négyes, a small village County Borsod, was offered for sale for HUF 300. The cheapest apartment of 2020 is on the market in Salgótarján for HUF 600,000.

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