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New real estate trends at Hungary’s largest lake!
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The demand has increased significantly not only for holiday homes but also for residential properties in the settlements near Hungary’s largest lake, Lake Balaton. Read our article to find out the new real estate trends near Lake Balaton!
Increased demand for residential properties
The demand has increased significantly not only for holiday homes but also for residential properties in the settlements near Hungary’s largest lake. Many buyers do not favour multi-story and multi-generational homes with large floor areas anymore. Instead, they seek to find a well-thought-out, economical, not overbuilt project. Another important factor is that the property should be ready to move in. In addition, buyers go for multi-purpose properties which can function both as holiday homes and permanent residences.
New real estate market trends
“Most of the developments in Balaton still take place with a typical resort approach, i.e. they create as many residential units as possible on a small floor area, based on the assumption that the properties will be used for vacation anyway”, Gábor Kádas, development manager of Grand Balaton Residential Park told Portfolio. However, many investors expect that a significant percentage of their customers will be permanent residents, he added. People can easily reach Budapest, Siófok, Veszprém or Székesfehérvár from the eastern basin.
