October 2024

Electronic land registers?

Yes, from 15 January 2025, the E-ING, or e-Registration of Real Estate, will be launched. The primary aim of the new platform is to reduce the turnaround time of land registry procedures and optimise operations by introducing a more modern structure. Some of the things you already know about the system: - the current paper-based administration will be replaced by electronic administration and the...

Can owning your own property really become a luxury?

The housing price index for the second quarter of 2024 was published by the Hungarian Central Statistical Office. Overall, there were no price changes compared to the first three months of the year. The net change in the price of second-hand dwellings was 99.9%, a slight decrease, while the price of newly built dwellings rose by 0.8% over the quarter. 2023. II. negyedévéhez képest azonban 9,8...

ON SELLING TIMES

So far, properties are spending more time on the market than last year's average, but the rate of rotation is approaching that of a year ago. As in the previous months, the fastest sales in the first eight months of this year were of flats in prefabricated housing, which took an average of 87 days to sell, while brick houses took 109 days and houses 184 days to sell. For all three types of...

INSTITUTIONAL SCOPE (October 2024)

At the end of the month, there were more than 147,000 flats and houses for sale, an increase of 1.2% compared to the previous month. 2024. szeptemberében országszerte több mint 280 ezer telefonos érdeklődés érkezett az eladó lakóingatlanokra. Havi szinten ez 6 százalékos erősödésnek felel meg. Housing market activity is expected to continue to pick up in the short to medium term due to...

NEW BUILD PROPERTIES

The supply of new housing has increased to levels not seen for a decade and a half in the national market, which has also had a positive impact on prices. In mid-September, more than 8,100 new apartments and houses were offered for sale in the country, a level not seen in a decade and a half. Increased competition on the sell-side has also brought a positive change in prices for buyers. In Budapest, for...

REA (Real Estate Agent) SUMMIT 2024

On September 18, 2024, one of the most important professional meetings of the domestic real estate brokerage sector was held, where key players in the market shared the latest market trends, as well as analysts' expectations for the year 2025. A key theme was the challenges and opportunities of digital transformation in the profession, including the use of AI technologies in sales. We also gained insights...

INSTITUTIONAL SCOPE (September 2024)

Nationally, there was no significant change in last month's price movements, with prices up by just 0.1% compared to July. On an annual basis, however, the rate of increase accelerated from 6.4 percent to 6.5 percent, suggesting that the housing market is in a recovery. Indeed, as demand is picking up, house prices are also rising at a faster pace. The most significant monthly price increase occurred in...

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