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Real Estate Briefing - Categorized | Investment, Market Moves more

Foreign buyers vanished from downtown Budapest property market

Posted on 17 May 2011

Foreign buyers have disappeared from the inner streets of Budapest, real estate agencies told Napi Gazdaság.
According to one agent, turnover on Ráday utca - the cafe and restaurant-dotted street in District IX - was largely driven by German, Irish and Italian buyers in 2005-2006, following developments in the neighborhood. At that time, prices were in the range of Ft 300,000-Ft 350,000 (€1,120- €1,300) per square meter. Prices now rarely go above Ft 300,000/sqm, and there are few Hungarian buyers and no foreigns buyers at all looking to purchase in this part of the city……………………………………….Full Article: Source


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