In the second half of 2014, real estate market started to grow. According to some reports, it will continues to evolve in 2015. This year, there will be a plenty of apartment constructions, lower vacancy rates, and the prices and rents will also increase.
Every year, almost two thousand foreigners buy apartments in Hungary. The most wanted areas are the downtown, the IX. and the XIII. districts. In last year, the most viewed apartments were around 50-60 square meters, and it will be the same in 2015. Nowadays, people search for high quality and excellent properties, both selling and renting, but these have higher prices because of the investors interests.
One of the richest area is Pálvölgy, which is part of the II. dictrict, and the other is Marina bay in the XIII. district.
In 2014, the housing transactions increased by more than 10 percent compared to previous years. It means more than 100 000 transactions. Because of this grow, this level will also available in 2015.
The purchase of the properties clearly started to grow, but just a few houses were built in last year. Even though we are only at the first few months of the year, experts think that it will change in this spring.