Negative turnaround on the housing market while the confidence in the business real estate sector is unbroken

In October of 2019, the GKI real estate indices for Budapest and Hungary stood at 7 and 8 points respectively. Budapest index decreased by 6 points, the national index went down by just 1 point compared to the previous survey (in July 2019). The capital index went down by 4 points, the other one practically did not change compared to the survey made one year earlier. Data of the present survey refer to a negative turnaround on the housing market. The era of soaring prospects and rising prices is now behind us. At the same time, there is nothing in the business real estate market, and especially in the office market, to suggest that the golden age is coming to an end. More…