- 12 Nov 2020 8:50 AM
- Hungary Matters
Foreign buyers purchased more than half of properties in Budapest, mainly the inner districts, and it is inevitable that sooner or later their absence will be reflected in lower prices, the paper said.
Central Statistical Office (KSH) data show that foreigners bought around 7,000 apartments last year.
Most were German and Chinese nationals. Austrians and Germans were interested in holiday homes around Lake Balaton and they typically sought expensive houses with a view.
In the capital, the main interest was in buying apartments in the city centre to rent out, while preferring a larger family house on the leafy Buda side of the capital for themselves.