Investment Accounts for 27% of Home Purchases
Photo by Andrey_Popov / Shutterstock.com
According to an analysis by real estate broker Duna House, investment buyers accounted for 27% of all home purchases in Hungary last year, writes the business daily Világgazdaság.
The rate was higher than 30% in Zalaegerszeg (215 km southwest of Budapest), Tatabánya (60 km northwest), and Szombathely (215 km southwest), in the west of the country, as well as in Pécs (195 km southwest), Szeged (170 km southeast) and Kecskemét (95 km southeast).
In Debrecen (225 km east of Budapest), the country's second-largest city, the rate of investment buyers was 46%.
Sellers also asked for the highest prices from investment buyers in Debrecen: close to HUF 740,000 per sqm.
Erste Bank Hungary Q1 Earnings Close to HUF 29 bln
Hungary Welcomes Extension of China's Visa Exemption Policy
SUPPORT THE BUDAPEST BUSINESS JOURNAL
Producing journalism that is worthy of the name is a costly business. For 27 years, the publishers, editors and reporters of the Budapest Business Journal have striven to bring you business news that works, information that you can trust, that is factual, accurate and presented without fear or favor.
Newspaper organizations across the globe have struggled to find a business model that allows them to continue to excel, without compromising their ability to perform. Most recently, some have experimented with the idea of involving their most important stakeholders, their readers.
We would like to offer that same opportunity to our readers. We would like to invite you to help us deliver the quality business journalism you require. Hit our Support the BBJ button and you can choose the how much and how often you send us your contributions.
