The value of real estate investments in East Central Europe last year was 12 billion euros, 3 percent higher than in 2021, but significantly below the 2019 record, CBRE, the international real estate consulting and investment company, told MTI on Tuesday. Within this, approximately 1.4 billion euros were invested in the real estate market in Hungary. The total investment...
Buyers are waiting on the Hungarian real estate market, where the number of transactions has decreased by 40-50 percent in recent months, and demand is decreasing even more, Balla Ingatlan told MTI. Ákos Balla, the managing director of the real estate brokerage network, believed in his statement that buyers are uncertain due to high loan interest rates and rising energy prices. He noted that interest rates...
The turnover of new apartments in Budapest fell by a third last year, according to OTP Jelzálogbank's latest Budapest new apartment value map compiled from public investor and seller data. In the statement sent to MTI on Monday, it was highlighted that in the macro environment characterized by housing prices and loan interest rates, the escalation of the war taking place next door, and construction times and costs that are difficult to plan, the demand for...
Budapest, Tuesday, January 24, 2023 (MTI) - In the countryside, the price of panel apartments decreased by an average of 2 percent, of brick apartments by an average of 8 percent, and of houses with a garden by an average of 10 percent in the fourth quarter of 2022 compared to the previous quarter, Otthon Centrum (OC) announced. based on his own data, on Tuesday with MTI. They added that the county law...
In the last three months of the year, 60.9 thousand square meters of new logistics real estate were handed over in the Budapest agglomeration, while almost 48.3 thousand square meters were handed over in the countryside, the Budapest Real Estate Consultative Forum (BIEF) told MTI on Thursday. Last year, a total of 333,210 square meters of new area was added to the industrial real estate market around Budapest, and by the end of the year it reached...
Due to rising energy costs, this year may be the year of renovations on the real estate market, but in many cases, financial assistance will be essential to finance the rising construction and material costs, Duna House wrote in a statement sent to MTI on Tuesday. They pointed out that at the end of the year, the government will pay almost all non-refundable...
Otthon Centrum: the average square meter of newly built apartments in the capital exceeded HUF 1.5 million Budapest, January 31, 2023, Tuesday (MTI) - The average square meter of newly built apartments in the capital reached HUF 1,554,000 in the fourth quarter of last year, the increase at the same time, its pace has slowed down - Otthon Centrum announced on Tuesday...
From January, a HUF three million home renovation subsidy, and from February a discounted home renovation loan will help families with their home building plans, the minister without portfolio responsible for families told MTI on Monday.
The state will reimburse up to five million HUF of the VAT content of the construction and land invoices paid from January 1, the minister without portfolio responsible for families announced on Tuesday on his social media page.
