NEWS
Good news for prospective homeowners: The Hungarian real estate market shifts its trajectory.
László Balogh, a top economic analyst at ingatlan.com, claims that home prices have remained stagnant since the fall of 2022. In other instances, he said, costs have even decreased since January of this year. László Balogh discussed the current trend change in the Hungarian real estate market with Index. Reversal of the property market’s trend […]
Hungary’s economy is projected to turn around shortly, and the forint will strengthen.
The chief economist of ING Bank, Péter Virovácz, provided an appraisal on the outlook for the Hungarian forint and the national economy. Although the recession currently dominates Hungary, he predicted that it will soon end. In 2023, Hungary’s GDP might grow by 0.7 percent, which would be favorable for the forint’s exchange rate. According to […]
Why Hungary’s trade is expected to break the record in 2023?
Hungary’s trade is expected to break the record in 2023 according to research recently made by economic analysts. When you compare Hungary’s work with other countries and regions and its population, it generates a lot of revenue and has been proliferating. That’s likely because of Hungary’s investments in new technology, transportation, raw materials, and industries. […]
Hungary’s Economy Will Soar Next Year
Hungary’s economy has been undergoing significant changes over the last few years, with trade expected to reach record-breaking levels in 2023 and new customer-friendly changes to the housing market. In addition, there has been a digital turnaround in the real estate sector and positive predictions from the Minister of Finance that the economy will soar […]
Digital innovation in the Hungarian real estate sector
There is a digital innovation in the Hungarian real estate sector that buyers and sellers can feel. Digitization has increased accessibility in the real estate sector, with almost all panel floor plans in Budapest available on the internet. The sales information for the first ten months of 2022 is out. According to the data, there […]
New customer friendly changes on the Hungarian housing market
The Hungarian housing market has recently undergone a change that aims to make it more customer friendly. The impact of the changes will significantly influence the housing sector on both an individual and governmental level. In its search for increased efficiency, Hungary plans to redefine what it means to be a customer-friendly market. The following […]
Hungary will take a lot of foreign currency loans
As the Hungarian economy continues to grow and develop, it has increasingly relied on foreign currency loans to fund its development projects and infrastructure improvements. In 2023, it is expected that Hungary will take on a significant amount of these loans to meet the growing population and economic demands. In this article, we will explore […]
Is the financial situation in Hungary precarious?
A Hungarian economic news website reported that Hungary is facing serious financial challenges due to a wage-price spiral that started in the fall of 2022 and is not expected to end soon. Additionally, the Hungarian News Agency mentioned that the average wages in the country had significantly increased in October. A phenomenon of a continual […]
Foreign Currency Loans in Hungary
Exchanging currencies to borrow is a complex task, especially in countries with unstable economies. One option that can be used is a foreign currency loan. With their low-interest rates and ease of securing collateral, many people consider this option to finance their travel abroad or make small business investments abroad. This article covers several tips […]
A Look at the Euro in Hungary
The Euro isn’t exactly a strange thing in Hungary. The nation is actually home to hundreds of thousands of individuals who have been using the currency for a while now. Note, though, that these persons do not all reside in Hungary permanently. They in certain cases own residential properties that are located within the country, […]