Not only is the capital of Hungary listed among the top 10 fastest growing property markets in the world since 2017, but recently the Budapest real estate market reclaimed its title as the city with the fastest-rising house prices globally with a 24% annual growth rate in 2019 according to Knight Frank.
Why savvy investors have started selling their Budapest properties in 2019
Low entry points and yields of up to 8% have made Budapest a real estate investor’s darling. But as the global economic boom and national GDP growth projections slow, alert property investors and economic institutions are becoming wary of signs the market will turn.
A guide to fees and taxes on Budapest real estate investments
Buying property in Hungary is a fairly standard process. In such cases, the profit is in the details. Investors can make the most sound financial decision by diving deep beyond Budapest real estate prices, and into the nitty gritty of expected fees and tax rates for different entities.