And this is just the tip of the iceberg, as utility tariffs have already increased in 2021, but experts are predicting a roughly 50 percent increase for this year. This one factor alone will have a major impact on the property market as a whole, in addition to the fact that available statistics show a fivefold to sixfold increase in the price of building plots in recent years.
The demand for properties is showing an improving trend!
Despite the above, the Hungarian real estate investment market closed 20 percent higher in 2021 compared to 2020. The result, which to the layman's eye looks like a positive balance, is of course a bounce-back, with the coronavirus pandemic as the background. However, experts agree that 2022 could bring the 2019 figures. Both foreign and domestic players are active, and the industrial segment continues to soar. The latter phenomenon is linked to the boom in the online market, where the demand for warehouses and logistics units has increased as online shops have taken off. The demand for new housing is growing significantly, thanks to the various provisions that support home ownership. Even with rising prices, the popularity of luxury real estate remains strong. The importance of environmentally friendly technologies, hi-tech systems, and improvements that support health care is unquestionable today. More and more market players are consciously looking for premium opportunities that are not only investments for the present but also for the future.
The combination of exclusivity and elegance shapes expectations regarding properties
Luxury properties are not just built for the present. Whether the motivation behind the purchase is to create a home or to make a profitable investment, this is a sector poised for growth and long-term value retention. Constructed in accordance with modern environmental standards and incorporating cutting-edge technological innovations, these homes are not only holding their value over time but increasing in worth. The market overview mentioned earlier supports this, as statistics clearly show that demand for property has not stagnated, even amid pandemic-related challenges. In fact, a surge is anticipated in 2022.
Despite the undeniable price increases, the rising value of new-build luxury properties is outpacing the figures. More importantly, when creating a home, the surrounding circumstances are crucial and can significantly impact your quality of life for years, even decades. Modern technology allows for minimal overheads, while integrating other conveniences into daily living. This means the investment starts paying off almost immediately after purchase, and from that point on, it generates a stable, substantial, and growing return that can be easily amortised over time.
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