The effects of the real estate market augur further price increases
Residential
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At the moment, all market effects point to a further rise in real estate prices, particularly 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 investors and individuals, real estate has been a popular form of investment for decades, and the market has so far lived up to expectations, says Rajnai.
Through statistical analysis over the past 30 years, he concludes that residential real estate investment has produced returns in excess of inflation.
Demand remains strong in this area; a beautiful property can change hands in just a few days, and neither the trend nor the rise in prices should stop.
The previously predicted peak is likely not anytime soon, he added.
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