Property market outlook is over its peak

In July, the GKI real estate indices for Budapest and Hungary stood at 1 and 0 points respectively. Both figures dropped slightly by 1 point, compared to the previous survey. Both indices went up 2 points, compared to the survey made one year earlier. The property market outlook improved only in the office space market, from the previous quarter. On the other hand, no significant change occurred in the other three segments. Generally, the property market outlook is slightly over its peak but it is still on the sunny side.

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Housing market outlook presses down property indices

In April, the Budapest and the national real estate indices of GKI stood at 2 and 1 points, respectively. The index figure in the capital city has fallen modestly by 1 point. The national index has dropped slightly from January (within the error margin). Both indices went up 3 points compared to one year earlier.

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Home market still lead by Budapest, other areas catching up in commercial properties

In January 2017, the Budapest and the Hungarian real estate market indices of GKI-MGYOSZ stood at +4 and +2 points respectively. The index figure in Budapest was slightly up (within the error margin), while the national index has increased 3 points. Compared to one year earlier, both indices went up 7 points.

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Real estate boom slows but goes on

excavatorsIn July 2016, the Budapest and the Hungarian real estate market indices of GKI-MGYOSZ – compared to the previous quarter – increased by 1 and 2 points respectively. Both indices were 6 points higher than one year earlier. The index figures represent a 42-quarter peak for Budapest, and a 48-quarter peak for Hungary. That is, such high values have not been seen for ten or twelve years, respectively.

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The Budapest housing market continues to accelerate, the rural one slows down

1014151_1416325523_1002619-1412067653-1002624-1412067558-immobilier-construction-real-estate-immeuble-batiment-2In April 2016, the Budapest and the Hungarian real estate market indices of GKI-MGYOSZ were higher than in the previous quarter, in both cases by almost 2 points. The former index was 5 points higher than a year ago, the latter one by 3 points. The index figures represent a 41-quarter peak for Budapest, and a 37-quarter peak for Hungary.

 

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You can download the index values from here.