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 info@drlittner.hu

The property market is out of control

telex 2 February 2025 Prices have shot up, advertised properties are sold out in a few days, buyers bid against each other and offer prices several million forints higher.
The price rises started in January 2024 and accelerated in the summer, because 2023 was a slow year for the property market, partly because of high inflation and because many people preferred to save, for example by buying government bonds with favourable interest rates.
Prices also rose because the market started to price in the expected demand in 2025.
The strong demand that has buoyed the housing market is likely to die down in the first half of the year, but prices are not expected to fall.