Hungarian-British entrepreneur Barbara Jarabik talking about Hungarian property market evolutions in 2023
Important Hungarian property market evolutions in 2023 with Barbara Jarabik: According to Hungarian-British entrepreneur Barbara Jarabik a big change is coming to the Hungarian real estate market in the first quarter of 2023. It is very like that there will be a lot of properties that will see their market value decreased. Within a few months, the Hungarian real estate market will also adapt to international market trends, which are clearly on a downward path. Because of US and EU central banks rate hikes the wave of high cost credit has reached most of the markets and the Hungarian real estate market is no longer an exception. Nationwide, the average price of new homes was HUF 45.6 million (€107,862) in Q1 2021, while second-hand home prices averaged HUF 22.8 million…