May 2022

There has never been such an overvaluation of real estate in Hungarian property market

It has been going on for 8 years now that real estate prices in Hungary were constantly growing. And 2021 set another record in terms of price increase, which is mainly due to the significant rise of prices in provinces and countryside. Based on HNB’s (Hungarian National Bank) recent report, in the 4th quarter of 2021 real estate prices grew 21,4% countrywide in term of 1 year period. A year ago it was...

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