Articles by #hashtag

Housing market

3 hits
Courtyard of an apartment house in Budapest

Housing Market Prognosis by the National Bank

May 27, 2021

In 2020, the effects of the pandemic were reflected in a decline in the number of transactions, rather than in developments in house prices. The number of transactions fell by 15.5%. In Budapest, they declined even more sharply, by 25.1%. Although domestic house prices rose further on a national average, the annual nominal growth rate […]

House construction in Budapest

Less Transactions and Rising Market Bargain

Jun 12, 2020

The coronavirus pandemic led to a sharp fall in housing market activity at the end of March 2020; and construction activity is also expected to slow. Looking ahead, the market of new homes may be supported by the preferential, 5% VAT rate applicable in brownfield zones, says a report by the National Bank of Hungary […]

The Virus has not Spared the Housing Market, Either

May 10, 2020

The expectations of housing companies clearly deteriorated in April 2020 compared to a quarter earlier – according to the survey of the Hungarian economic research institute GKI and Masterplast. The epidemic caused by the corona virus has crashed the already slowing housing market, so the outlooks have become much more modest. The value of Budapest […]

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