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 […]