Real estate marketHungarian real estate market is still under development and is in constant motion. Trends show that this country will soon reach the level of Western European markets in every respect: price, quality, type of housing, financial resources and mortgage conditions. As a result of massive foreign investment, as well as funds received from the EU, the construction sector in Hungary is growing at a considerable pace. Regarding building sites, the price depends on the size and location, as well as on the segment of the population to which it is intended and the public services it counts with.
Distribution by level of property:
All this is hard to explain without understanding what was the distribution of housing before and after 1945, nearly up to 1990. It is evident and justified, that as purchasing power gets stronger, more and more people make economic progress and expect offers for more decent housing. Relating to this, we can distribute the demand into the following segments:
In Budapest the estimated number of homes demanded in the first segment is approximately 4,000 The number of homes demanded in the second segment is approximately 20,000. And the number of homes necessary to fulfill the demand of the third segment is approximately 70,000
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