Buy or Sell a property
Comprehensive real estate solutions, from buying and selling to renovation and full-service property management in Budapest.
Investment in Budapest, Hungary
Explore profitable real estate opportunities in one of Europe’s most dynamic and affordable capital cities.
Property management
Comprehensive property management powered by our in-house team of 60 professionals, ensuring seamless operation, tenant satisfaction, and optimal returns.
2020 brought extraordinary disruption to the real estate market—digitalization, sustainability, and shifting demand left a lasting impact.
Summing Up a Year Like No Other
The year 2020 brought numerous unexpected challenges to the Hungarian real estate market. The impact of the COVID-19 pandemic, economic uncertainty, and rapidly changing social habits fundamentally reshaped how the market operates. In this year-end review, we’ll take a look at the most important trends, how the market responded, and what we might expect in 2021.
Key Trends in 2020
-Digital Transformation: In-person property viewings were replaced by virtual tours and online administration, which quickly became the new normal.
-Shifting Demand: Demand increased for larger, greener homes, reflecting the challenges of remote work and family life.
-Rental Market Changes: A drop in short-term rentals led to a surge in long-term rental supply, placing downward pressure on prices—especially in urban areas.
-Sustainability on the Rise: Interest grew in energy-efficient, eco-friendly properties, supported by government subsidies.
-Price and Regional Differences: Premium and green districts in Budapest saw further price increases, while outer districts continued catching up.
Market Response and Adaptation
Market players adapted quickly: real estate agencies and developers digitized their operations, introduced new services, and aligned their offerings with changing trends. Buyers and renters became more conscious, placing greater emphasis on housing quality and sustainability.
Expectations for 2021
Analysts predict that digitalization and evolving buyer needs will continue in 2021. Remote work and environmental awareness will remain key factors. Prices in Budapest and green urban districts are expected to rise further, while suburban and rural markets may see increased activity. Changes in regulations could bring both new challenges and opportunities for developers and buyers alike.
Summary
2020 was extraordinary, but the Hungarian property market showed resilience and adaptability. The lessons and trends from this year are expected to shape the market for years to come—and 2021 looks to bring continued transformation and opportunity.
