Rise in Real Estate Prices Expected Over the Summer
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In certain segments of the real estate market, prices are still expected to drop in the coming months, but from the summer we will witness a "nice slow rise", said Zoltán Gadanecz, the founder-owner of GDN Real Estate Network, according to profitline.hu.
He said that it could be 3-4 years before prices creep back to the pre-recession level.
According to Gadanecz, compared to neighboring countries, real estate is still cheap in Hungary, and in terms of lending, he emphasized that competitive rates could persist for decades.
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