Otthon Centrum

Residential Market Monitor 2008/1

Several years of lows in the number of completed homes; for the first time since long years a decrease in the prices of plots even in areas that are highest in demand; foreign firms and buyers for investment purposes becoming more cautious; in addition, Hungarian buyers fell out – this is how the housing market can be characterised in the first half of 2008. When we look around across the European markets, we can consider ourselves almost lucky, because due to the cautious lending practices and the absence of a price bubble, we can sense only dumped effects of the credit crisis.