Investors Account for Over 40% of Home Purchases in Capital
Image by Shutterstock.com
Investors accounted for more than 40% of home purchases in the capital nearly every month of last year, listed real estate broker Duna House said on Wednesday, according to a report by state news wire MTI.
The rate of home purchases by investors in Budapest rose as far as 54%-55% at one point during the year.
The average property investor spent close to HUF 53 million on a 66 sqm home in the capital.
Outside of the capital, property investors accounted for one-quarter to one-third of home purchases.
ADVERTISEMENT
IWG Opens New Regus Center in Biatorbágy
Parliament Negates Mandatory Membership in MOK
MNB Grants License to Local iBanFirst Fintech Branch
Meet the Expat CEO of the Year Nominees
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.
