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As a result of the extended home office working, which has become more widespread in the recent period, a new kind of demand has appeared at Lake Balaton and in other rural locations, according to Magyar Nemzet.
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Hungary’s housing market shrank by 58% in April compared with the same month a year earlier, on the back of a lockdown and economic uncertainty due to the novel coronavirus epidemic, according to real estate broker Duna House.
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In Hungary, about 20.1% of the population were living in overcrowded households in 2018, slightly above the EU average of 17.1%, according to data by statistical agency Eurostat.
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Total modern office stock in Budapest now stands at around 3.7 million sqm according to the Budapest Research Forum (consisting of CBRE, Cushman & Wakefield, JLL, Colliers International, Eston International and Robertson Hungary).
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Last year 3753 Hungarian properties were purchased by foreigners. Chinese citizens bought 1521 out of them in Budapest.
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Real estate market activity in February was almost as high as in the same month of 2019, with more than 13,000 sales conducted over the course of the month, real estate broker Duna House says.
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