Optimism has survived but not strengthened on the real estate market

kep_1502Real estate market index of GKI referring to the capital is almost equal to the value which was measured a half year ago. Index referring to Hungary is one point lower than it was in April of 2015 – this change can be interpreted as stagnation. Among the players of the Hungarian real estate market improving expectations could have been observed since the beginning of 2013. Though this favourable tendency is now over but the actual outlooks reflect optimism.  

In Budapest and Eastern-Hungary the residential market expectations slightly improved. On the office space market the indexes decreased significantly but it is a natural negative correction after the exuberant optimism which was observed in 2014 and in the first half of 2015. On the retail space market there was no perceptible change. Expectations referring to the ware house market have improved only in the capital. House prices can increase significantly in Budapest and in Western-Hungary in the next 12 months.

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You can download the index values from here.