It is true that many investors appeared on the Hungarian real estate market in recent years, but they seem to be cautious with really great investments. Analysts say that in the following years it's not likely that there will be many residential complex constructions in the capital.
While rental prices have skyrocketed in the inner districts of Budapest, those who want to move into newly built flats will not have a great chance of finding one.
The real estate market is booming no question – multiple factors contribute to this, like the conversion of Swiss Franc loans which leaves more money at households. People with loans became braver with greater expenses on longer terms.
Newly built flats are basically gone from the market, still, investors are not eager to spend money on projects at such a great volume. Adorján Salamon, an expert from Eston International says the bigger investors are waiting for opportunities, but they are very cautious – they are not sure that the boom we can see in downtown Budapest is not just temporary and won't cease after 12-15 months.
It is unsure how much reserve the households still have and how many people still want to move into bigger homes.
Experts at Futureal say it would strengthen the market if there were more loans offered for those who want to buy estates for themselves – but until there is no great change on the loan market, it is likely that investors will stay careful.
