Budapest real estate gets busy in 2012

Budapest real estate gets busy in 2012

Despite the general downturn in the market (less sales, less construction) the first half of 2012 has been very busy in the central districts of Budapest.

The number of apartments sold and rented has significantly increased when compared with the same period last year.

The primary buyers are Hungarians, especially for property under 100 000 euros. The apartments above 100 000 euros are usually bought by Western Europeans, at least half of whom have some Hungarian family connection.

 

Source: http://www.globalpropertyguide.com/news-Budapest-real-estate-gets-busy-in-2012-1344