ADVERTISEMENT

Over 50% of Budapest home purchases made for investment

Sustainability

The ratio of those buying a home in Budapest for investment purposes exceeded 50% in the past two months, listed real estate agency Duna House said on Friday, according to state news wire MTI.

Buyers purchasing a home in the capital for investment purposes generally look for homes with an area of 50-60 square meters, in the HUF 36-40 million price range. These properties appear on the rental market almost immediately after purchase, Duna House said.

Home purchases made for investment purposes made up between 31% and 46% of all transactions every month in the past two years, reaching 53% in December 2018 and 54% in January 2019, the agency noted.

People buying their first home account for 20-25% of all home purchase transactions in Budapest, Duna House added. 

ADVERTISEMENT

Gov't declares nat'l vaccine plant of 'priority importance' Pharma

Gov't declares nat'l vaccine plant of 'priority importance'

4,385 coronavirus cases registered in Hungary Figures

4,385 coronavirus cases registered in Hungary

EU-funded scheme gives 230,000 Hungarians digital skills EU

EU-funded scheme gives 230,000 Hungarians digital skills

Half a million guest nights booked for April Tourism

Half a million guest nights booked for April

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.