The real estate market experienced a long-unprecedented momentum in May, with investment in the capital and moving to larger properties in rural areas motivating buyers, while nationwide, demand was focused on good condition apartments, real estate brokerage firm Duna House said on Monday. According to its estimates based on the company’s own data, 10,187 sales […]
CA Immo is to liquidate its Hungarian interests, with 180,000 square meters of office buildings, including Bartók House and Millennium Towers, being put on the market. Earlier this week, Hungary was classified as a non-core market from a strategic point of view by the supervisory board of Austrian real estate company CA Immobilien Anlagen, which […]
Both the number of sales and the volume of lending in the real estate market declined in the first quarter of this year, and this low market activity is also affecting the supply side of the housing market, Sándor Winkler, head of the National Bank of Hungary (MNB), said at an online press conference. Based […]
April brought a temporary downturn in the domestic real estate market in Hungary, with a thousand fewer transactions compared to the previous month, according to the latest barometer report published by the real estate agency Duna House. Based on Duna House's own data, the number of sales nationwide was estimated at 6,787, which is still […]
In the 125,000 or so transactions that took place on the Hungarian real estate market last year, there were 2,524 cases of foreign investors who had to apply for a property purchase because they were not citizens of the European Union, the European Economic Area (EEA) or Switzerland. This is a 7%% drop compared to […]
The Hungarian industrial and logistics real estate market closed a record year in 2022 in terms of rental volumes, new developments and investments in the countryside, the Hungarian Association of Logistics Service Centers (MLSZKSZ) said in a statement. According to their information, last year 482,000 square meters of new industrial and logistics real estate developed […]
The Hungarian real estate market plunged to a new low in January 2023, after stagnating in November and December. The 5,853 sales estimated by Duna House nationwide represented the weakest start to the year in 10 years: the last time there were fewer transactions in January was back in 2013, the property agency Duna House […]
Based on estimates by Duna House, the real estate market plunged to a new low in January 2023, after stagnating in November and December. The 5,853 sales estimated by the real estate network nationwide represent the weakest start to the year in 10 years: the last time there were fewer transactions in January was in […]
The office and warehouse market in the Hungarian capital will continue to gain momentum this year, and as last year, a significant amount of new space will be added in 2023, Erste Bank told MTI on Thursday. The statement quoted Erste's head of real estate finance, Tamás Deák, as saying that last year 267,000 square […]
In the last three months of the year, 60,900 square meters of new logistics real estate was delivered in the Budapest agglomeration, while in the countryside almost 48.300 square meters were delivered, according to the Budapest Real Estate Consultants' Forum (BIEF). Last year, a total of 333,210 square meters of new space was added to […]
Buyers tend to have a wait-and-see approach in the Hungarian real estate market where the number of transactions has fallen by 40-50% in recent months, and demand is falling even more, according to the real estate brokerage network Balla Real Estate. The managing director, Ákos Balla, said in a statement that buyers are uncertain because […]
Property purchases for investment purposes increased both in the Hungarian capital and in rural areas last December, according to Duna House's own data. In Budapest, investor motivation generated 53% of transactions in December 2022, and 33% in the countryside, an increase of 7 and 4%age points, respectively, compared to the same period in 2021. Investors […]
Market players expect 90-120,000 fewer residential property sales in 2023 than last year, with the outlook mainly determined by lending rates, changes in utility bills and remaining state subsidies. As the property agency Duna House told the state news agency MTI on Monday, it estimates that 6,474 sales were made on the real estate market […]
With subdued demand, the housing market ended October as the weakest month this year in Hungary. The 8,326 sales estimated by the nationwide real estate network Duna House were down 9% on the previous month and 28% down compared to October 2021. Rising lending rates and concerns about the energy crisis have made more and […]
