Chinese obsession around flats in Budapest

The demand for Hungarian flats in China was increased by 40% compared to last year, according to the newest analysis by Ingatlan.com, reports 444.hu. Potential Chinese buyers search for flats in Districts II and III for 54-80 million HUF, and in Districts XIV, XVI, XVII for 47-69 million HUF.

According to László Balogh, the potential buyers mostly focus on Districts II and III, where Chinese besides the aforementioned districts, V and VI Districts are also popular because of their investments. He added: for investment purposes the V and VI Districts are the most popular. Here mostly 78 and 42 million HUF worth real estate attract Chinese investors. László Balogh added that the study examined searches done abroad, for which the demand from Chinese people living in Hungary is added.

Foreign demand for Hungarian flats increased by 18% this year, mostly from Germany, Austria, and the United Kingdom.