Budapest Property Informations

Monday, April 17, 2006

Not a new one, but good start to understand the Hungarian property situation:

portfolio Hungarian property - Russians, Irish, and even Chinese are “in the pantry"

the lead is very interesting: "According to data from the Ministry of Interior, 25,000 foreigners have purchased real estate in Budapest over the last four years, 6000 of which did so in the last year. Observers state that the composition of foreign buyers has changed over this time. Whereas foreign investment had previously come from primarily Germans and Austrians, the Irish and the English exhibited growing interest in Hungarian real estate in 2004. Chinese and Russian investors have also arrived on the market, looking mainly for used homes, real estate magazine ReSource said in its latest commentary on Wednesday."

So come on, and start the business in Hungary ;-)

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