Hungary’s property market continues to grow

Hungary’s property market continues to grow

Published at: 2017-02-07 11:58 | Author: iBroadcastPR
Hungary’s residential property market has grown prosperously since the Economic crisis of 2008-2013 where investments were down by 50%. By 2015 the country had a higher employment rate and the purchasing conditions of property had changed in favour of the investors. Low rates and high rental yields offered investors profit in buy to let properties and therefore increased the demand. The government has further encouraged property ownership through their subsidy schemes and as a result, Hungary has seen a 20% increase in property prices since 2015, where continual growth is forecasted for 2017.

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