Residential Market Recovery: Surge of Foreign Real Estate Investors Expected in Hungary
- 7 Feb 2024 8:05 AM
- Budapest Business Journal
A surge of foreign investors may emerge in the Hungarian real estate market due to a new regulation, according to an analysis conducted by ingatlan.com.
This could impact residential properties priced at more than EUR 500,000. There was a 27% drop in the volume of real estate investment transactions in 2023 compared to 2022.
The reasons behind this were mainly the inflation and increased raw material prices in the construction sector, the article notes.
The cost of capital has increased, and there is still a wide gap between buyers' and sellers' expectations.
According to portfolio.hu, a slow recovery in the real estate market is forecasted for the second half of 2024 to 2025.
The recovery of the real estate market could be one of the reasons why the government chose to change its regulations.
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