Long term investment

Let’s take a look at how the real estate market stands in Hungary nowadays.
After the trend reversal in 2013, July 2019 can be considered the peak of residential real estate. At that time, many small investors found the government bonds more attractive. That unfortunately produced negative returns in the current inflationary environment. A lot of new construction projects have been launched after the government has reduced the sales tax on residential new construction which is maintained ever since. As a result, investors have bought almost all plots of land and started building new condominiums and housing estates, which are still ongoing.
Due to the economic growth of the city, more and more non-Budapest residents settled and these people bought their homes, so the developments were successful and the flats were sold.
The pandemic caused damage in Hungary as well, but this only partially affected the real estate market, namely the turnover rate of housing market transactions slowed down in some districts, and there are some districts where prices also fell. Due to travel difficulties, foreign investors were temporarily pushed into the background and the purchase of residential housing became more pronounced, which is supported by the government's financial support towards to the families.
At present, it can be said that no decrease in housing prices is expected in Hungary, as the information environment and retail borrowing support this. Of course, not all areas are as profitable today as they used to be, but with a little expertise and caution, you can find areas that still prove to be a profitable investment model. It is in this spirit that the next project will be created.