Investments boost resale home purchases in 2015

Sustainability

pixabay

Hungary’s resale home purchases are expected to reach 155,000 this year, an increase of 30% as compared to the previous year, Otthon Centrum said in a press statement today.

The increase is chiefly due to the the rising demand for investing in real estate, Otthon Centrum says, as home purchases with the intention of investing accounted for 50% of the transactions in parts of Budapest and for at least 10% in big cities around the country.

According to Otthon Centrum, prices have risen in all categories in the last two years, and the average price per square meter comes to HUF 268,000 in Budapest, HUF 159,000 in county seat cities, HUF 125,000 in other cities and HUF 65,000 in smaller settlements.

Otthon Centrum expects the number of transactions to rise up to 80,000 next year.

ADVERTISEMENT

Századvég raises GDP forecast to 7.8% Analysis

Századvég raises GDP forecast to 7.8%

Opposition parties to begin PM candidate primaries Elections

Opposition parties to begin PM candidate primaries

New editor-in-chief at Betone Studio Appointments

New editor-in-chief at Betone Studio

Budapest leaders make public transport free for under-14s City

Budapest leaders make public transport free for under-14s

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.