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The most popular apartment types in Hungary

napi.hu, 28. September 2018 – The residential property boom continues in Hungary. In the second half of the year demand was even higher than in the first, especially for apartments with their own boiler heating. On a year-on-year basis, demand for each apartment advertised grew by 12, 15 and 24 per cent in June, July and August, respectively, followed by a whopping 41 per cent increase in September. This spectacular figure can partly be explained by the fact that on account of expected tightening of credit terms on residential properties and of the potential increase of the preferential VAT on apartments after the end of 2019 many buyers are keen to fast-track their purchase.
As far as heating fuels are concerned, natural gas is the most popular. The popularity of apartments with their own boiler heating is above average: 32 per cent of potential buyers prefer this type of heating because it is generally believed to be the most economical. Gas-fuelled wall heaters are also popular because they form the most frequent type of heating in studio apartments. The high proportion of district heating is a direct consequence of the popularity of precast concrete high rise apartment blocks.