INVESTOR CENTER Research
Price increase between 1999 - 2003
The image on the right shows the districts of Budapest. Move your cursor over any of the district and you will be able to see the increase of Budapest real estate prices between 1999 and 2003 in the given district. (Research based on the data published by the Hungarian Central Statistical Office.)
With a strong emphasis on thorough market research supporting You to make a well founded choice, we regularly conduct an analysis on not only the housing market, but the economy as a whole. With economic growth as an important factor in determining housing prices, we will most probably experience a steady and long-lasting growth in the price level. The findings of the research:
- Hungary ’s GDP growth has constantly been outperforming those of other EU-15 countries, due to the convergence process brought about by both EU and EMU (European Monetary Union) accession plans.
- Economic activity in the form of GDP growth is higher than most other CEE countries and the forecast for above average growth is promising.
- Looking at future economic growth outlook by The Economist Intelligence Unit, Hungary’s GDP is bound to reach EU average level in only a decade, thus providing an upside potential for real estate prices.
- Based on a recent survey of Jones Lang LaSalle 70% of all investments into the Central-Eastern-European real estate market are focused on the Hungarian and Czech markets.
Based on recent research by the National Bank of Hungary, we have found that due to the proven correlation of GDP and real estate price growth, Hungarian real property investors have an attractive opportunity in realizing premium return on their capital as opposed to investments in other European countries.
Major driving factors of GDP growth will remain: the steady growth of the services sector, immense investments into infrastructure expansion and enhancements and also the productivity increases of the economy making up for the lost years of the early ‘90s.
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