Foreign buyers interested in residential properties up 10%
Photo by Peter Gudella / Shutterstock.com
In the first half of this year, the number of foreigners interested in Hungarian residential properties for sale increased by 10%, which is also due to the weakening of the forint against the euro, according to a recent analysis by ingatlan.com.
Prospective foreign buyers are primarily interested in real estate in Budapest, as more than 50% of the demand is concentrated in the capital.
Cities that are industrially developed or are home to significant foreign investments and settlements along the border are popular with prospective foreign buyers as well.
Towns and villages in the counties around Lake Balaton are also sought after; they cover 11% of the demand linked to foreigners.
Avg Hourly Pay Rate for Blue-collar Workers Climbs 16% in Q1
Bulgaria's Household Income, Spending Rise 20% in 2023
Job Fair and Career Prep at Corvinus Starts Tomorrow
Spago Budapest Offering Unique Sunday Brunch Experience
SUPPORT THE BUDAPEST BUSINESS JOURNAL
Producing journalism that is worthy of the name is a costly business. For 27 years, the publishers, editors and reporters of the Budapest Business Journal have striven to bring you business news that works, information that you can trust, that is factual, accurate and presented without fear or favor.
Newspaper organizations across the globe have struggled to find a business model that allows them to continue to excel, without compromising their ability to perform. Most recently, some have experimented with the idea of involving their most important stakeholders, their readers.
We would like to offer that same opportunity to our readers. We would like to invite you to help us deliver the quality business journalism you require. Hit our Support the BBJ button and you can choose the how much and how often you send us your contributions.
