Category:
new homes

Demand for residential properties continues to grow in Budapest

According to the report released by the Hungarian National Bank (MNB), the Hungarian housing market continued to intensify in the first half of 2018, which in addition to the dynamic rise in the apartment prices, was reflected in the increase in the sales volume.

The end of the 5% new residential property VAT – What to expect in the future

According to the summer announcement, the government does not intend to extend the validity period of the 5% VAT on new residential properties which is in effect until December 31, 2019.

The number of new apartments continues to rise in Budapest

In Budapest there are currently 20 000 apartments being built or planned to be built.

Thousands of new homes expected in 2017

2017 will be dominated by new home constructions, with an estimated total of 14,000-15,000 homes expected to be buitl this year. 

Number Of Home Construction Permits in Hungary Go Up

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. 

New Homes Construction VAT drops to 5%

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. 


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METROPOLITAN HOMES BUDAPEST 

REAL ESTATE AGENCY 

OFFICE ADDRESS: ZOLTÁN U. 13, DISTRICT V, BUDAPEST H-1054

OPENING HOURS: MONDAY-FRIDAY 9:00AM - 5:00PM, OR BY APPOINTMENT

OFFICE PHONE: +36 1483 15 47

MOBILE PHONE: +36 30 242 67 26

EMAIL:  INFO@MHOMES.HU

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