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Budapest Business Journal:

“Budapest home price increase among highest in Europe”

BBJ.hu and Hungarian news agency MTI reported that home prices in Budapest rose at more than twice the national average in the three years leading up to mid-2016, a growth disparity unmatched even by London, data from the National Bank of Hungaryʼs (MNB) Housing Market Report shows.

abouthungary.hu

“Hungarian house prices increased by a whopping 15.4 percent in 2016”

This brief article below references economic news portal www.portfolio.hu and does give a basic overview of the increasing trend in the local property market.

 

 

BBC article
“The city that lives a double life”

As any professional property investor will tell you, the key to a successful longterm real-estate investment is: “ Location, Location, Location! “ This article by BBC Travel graciously highlights the differences  between the two halves of Hungary’s capital Buda - Pest. The Buda and the Pest sides not only give the city its name, but also define its different lifestyles and personalities.

 

 

 

REUTERS article
“UniCredit Hungary selling distressed mortgages to Czech-based APS -sources”

UniCredit Hungary is among several local banks selling distressed (“Bad Bank”) mortgages to loan recovery firms; in this case APS from the Czech Republic. With the economy improving and investors hunting for higher yields in a record-low interest rate environment, the tide is slowly turning and specialist loan recovery firms are moving in to purchase distressed mortgages not just in Hungary but across the region.

 

 

 

Bloomberg article - Friday, May 20, 2016
“Fitch upgrades Hungary to investment grade (BBB-)”

Fitch became the first of the largest three credit assessors to reward Hungary’s push to reduce public debt and reverse measures that contributed to downgrades five years ago. Fitch late Friday raised the nation’s long-term rating to BBB- from BB+, assigning a stable outlook. That leaves it on par with Bulgaria, Romania and Russia. Moody’s Investors Service and S&P Global Ratings both have Hungary one step short of investment grade which could take place in the coming months.

 

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