2017 will be dominated by new home constructions, with an estimated total of 14,000-15,000 homes expected to be buitl this year.
According to the Hungarian Central Stastical Office, the number of construction permits and simple declaration of new residential buildings have doubled in the first quarter of year compared to the same period in 2015. This further proves the outstanding optimism Hungarians have about the property market.
Most certainly the biggest news this week in real estate was Hungarian Parliament passing the bill to reduce the currently 27% VAT on construction on new residential properties to 5% from 1st January, 2016.
Our boutique real estate agency offers you a wide selection of exclusive properties in Budapest, ranging from luxury apartments and luxury penthouses to family homes and estates. We have preselected these Budapest properties so you can conveniently search for the best luxury real estate Budapest has to offer. Whether you are looking to rent a high-end apartment in Budapest or searching for property investment, we can help you find your ideal apartment or house in the best areas of Budapest.
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