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Demand for holiday homes shifting

Residential

Photo by Fabio Balbi/Shutterstock.com

Demand for holiday homes has traditionally picked up in the spring, and while this year it is no different, it is questionable how long the explosive growth experienced last year will last, according to experts from OTP Ingatlanpont, writes profitline.hu.

The settlements on the shores of Lake Balaton are still the center of attention, but more people are discovering Lake Tisza, while Lake Velence can be said to have become practically part of the Budapest agglomeration.

"The most striking change on the northern shore of Lake Balaton compared to last year is that the demand for holiday homes has fallen somewhat, while the demand for private garden properties has increased, due to the continuous rise in property prices," pointed out Tibor Tóth, a strategic partner of OTP Ingatlanpont.

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