Real estate market effects augur further price increases
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At the moment, all market effects augur a further increase in the price of real estate, especially second-hand residential real estate. At the same time, turnover will be subdued, with a decrease in the number of newly built housing projects, according to Gábor Rajnai, head of the real estate and hotel division of BDO Hungary, writes profitline.hu.
For small and private investors, real estate has been popular as a form of investment for decades, and the market has so far lived up to expectations, Rajnai relates.
Through statistical analysis over the past 30 years, he concludes that residential real estate investment has yielded returns above inflation.
Demand remains strong in this area; a good-looking property can change hands in just a few days, and neither the trend nor the rise in prices is expected to come to a halt.
The previously predicted peak is not likely any time soon, he added.
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