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Hungary: Residential Housing Market at a Standstill
According to Bank Austria, the Hungarian housing market has reached a historic low.
Hungary: Residential Housing Market at a Standstill / Picture: © Vindobona.org
In 2010 there was a newly renovated 87 m2 2-bedroom apartment in the city centre of Budapest. The goal was to sell it to an investor as quickly as possible. This really should not present a great challenge for an apartment in a prime location, together with an experienced broker. Nevertheless, two years later the apartment still stands empty, even though the price per square metre has…
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