Hungarian Real Estate
Posted on February 13, 2011 in News
Everything I learned about the Hungarian real estate market, reinforces the opinion of an expert Endre Erdosha, former Permanent Representative of Hungary to the United Nations and Deputy Secretary of State, Ministry of Foreign Affairs of Hungary. Erdosh thinks that they can think of several reasons of stability and security that has made Hungary today: firstly, even before the country joined the eu the Hungarian economy is stable and the system of laws – logic, and secondly, with the onset of the crisis has proven to be effective banking system and public subsidies, finally, thirdly, the real estate in Hungary was not as well-promoted, such as in Bulgaria or Egypt, that is, the Hungarian real estate prices artificially is no overstatement, and therefore do not collapse. Benefits the current situation in the fact that, while in 2009 in Hungary began new construction in total construction is less than in previous years. So, take a few years and demand for property in Hungary will be exceed supply. Besides, now sellers of real estate in Hungary interested in the buyer like never before, so – the investor more choice. Experts believe that the landscape in favor of the buyer the real estate market in Hungary will continue for another two or three years, and then demand to rise again, and housing prices crawl up.
It is appropriate to say a few words about the choice of real estate. Domestic investor often stormy and reacts with lightning speed on advertising: according to statistics, more advertising, the greater the amount of investment in the advertised country, which, unfortunately, does not always bring the pleasure of buying and expected revenue. In my opinion, choosing real estate abroad, it is important to examine not only the country itself (market economy, laws, the object of interest) and to find a reliable agent, but also to explore yourself, know what I need, why and how much I am willing to invest. In my personal experience, the investor clearly understands that he needs more fortunate. And yet, good luck in this difficult matter – a very powerful one. To recall the case of undeveloped beaches of Nicaragua, where I had the opportunity a few years ago invest a considerable amount of money. The risk was greatest, because it all depended on whether to hold on those very beaches electricity or do not hold. In this case, it was impossible to calculate: Central America, you know. A electricity is conducted again, and the earth in one year has risen by more than 35%.
