Over 50% Of Budapest Home Purchases Made For Investment

  • 11 Feb 2019 10:23 AM
  • Budapest Business Journal
Over 50% Of Budapest Home Purchases Made For Investment
The ratio of those buying a home in Budapest for investment purposes exceeded 50% in the past two months, listed real estate agency Duna House said on Friday, according to state news wire MTI.

Buyers purchasing a home in the capital for investment purposes generally look for homes with an area of 50-60 square meters, in the HUF 36-40 million price range. These properties appear on the rental market almost immediately after purchase, Duna House said.

Home purchases made for investment purposes made up between 31% and 46% of all transactions every month in the past two years, reaching 53% in December 2018 and 54% in January 2019, the agency noted.

People buying their first home account for 20-25% of all home purchase transactions in Budapest, Duna House added. 

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Hungary's largest and oldest source of business and financial news in English. Since 1992 it has presented essential information on Hungarian business life, including international analyses about the country. These days the BBJ newspaper is published every other week, while it releases daily business news online including premium paid content.

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