Go Back   British Expats / Living & Moving Abroad / Europe / Hungary

Reply
 
Thread Tools
Old Dec 30th 2017, 3:09 pm   #16
wolfi Male
BE Enthusiast
 
Joined: May 2015
Location: Near the Black Forest and near the Balaton
Posts: 504
wolfi is just really nicewolfi is just really nicewolfi is just really nicewolfi is just really nicewolfi is just really nicewolfi is just really nicewolfi is just really nicewolfi is just really nicewolfi is just really nicewolfi is just really nice
Default Re: Real Estate Development near Budapest. Please advise.

I agree with that "caveat emptor" - we've visited our young ones in Bp and the stories they tell re housing ...
Second rate addresses are even worse.
And even here around rich Hévíz there are many flats (newly built, renovated and old ...) and houses standing empty.

My favourite joke:
Mr Eladó must be the richest man in Hungary - you see his name on so many objects ...
wolfi is offline   Reply With Quote
Old Dec 30th 2017, 4:05 pm   #17
it's not true!
 
Joined: Mar 2017
Location: Buda
Posts: 2,413
Expatrick has a reputation beyond reputeExpatrick has a reputation beyond reputeExpatrick has a reputation beyond reputeExpatrick has a reputation beyond reputeExpatrick has a reputation beyond reputeExpatrick has a reputation beyond reputeExpatrick has a reputation beyond reputeExpatrick has a reputation beyond reputeExpatrick has a reputation beyond reputeExpatrick has a reputation beyond reputeExpatrick has a reputation beyond repute
Default Re: Real Estate Development near Budapest. Please advise.

Not forgetting his junior cousin, Mr Kiado!
Expatrick is offline   Reply With Quote
Old Dec 30th 2017, 6:36 pm   #18
wolfi Male
BE Enthusiast
 
Joined: May 2015
Location: Near the Black Forest and near the Balaton
Posts: 504
wolfi is just really nicewolfi is just really nicewolfi is just really nicewolfi is just really nicewolfi is just really nicewolfi is just really nicewolfi is just really nicewolfi is just really nicewolfi is just really nicewolfi is just really nice
Default Re: Real Estate Development near Budapest. Please advise.

Holy smoke! How could I forget him!
wolfi is offline   Reply With Quote
Old Dec 30th 2017, 7:04 pm   #19
scot47 
Lost in BE Cyberspace
 
Joined: Nov 2012
Posts: 6,998
scot47 has a reputation beyond reputescot47 has a reputation beyond reputescot47 has a reputation beyond reputescot47 has a reputation beyond reputescot47 has a reputation beyond reputescot47 has a reputation beyond reputescot47 has a reputation beyond reputescot47 has a reputation beyond reputescot47 has a reputation beyond reputescot47 has a reputation beyond reputescot47 has a reputation beyond repute
Default Re: Real Estate Development near Budapest. Please advise.

I am thinking of going to the Casino in Budapest and investing all of my money on a game of roulette. What insights can long-term residents give me ?


That makes about as much sense as the OP's inquiry/
scot47 is online now   Reply With Quote
Old Dec 31st 2017, 2:47 am   #20
Stegy 
Just Joined
 
Joined: Nov 2015
Posts: 20
Stegy is an unknown quantity at this point
Default Re: Real Estate Development near Budapest. Please advise.

From the OPs posts it appears that he is looking for information on hungarian real estate etc as a means to extend his business of real estate development and investment somewhere close to his country of origin, but with no apparent interest in actually living here. I do not think that this was the true purpose or intent of this forum and I would feel uneasy at someone using it as a means to solely further their foreign investment business. and feel that this is not an appropriate place to do so.
If this is not the case I apologise totally to the OP but they have not stated any intentiom or interest in ether moving to or living in Hungary as have the rest of the people regularly using this forum. Perhaps they could be clearer on this in their next post.
Stegy is offline   Reply With Quote
Old Dec 31st 2017, 8:23 am   #21
it's not true!
 
Joined: Mar 2017
Location: Buda
Posts: 2,413
Expatrick has a reputation beyond reputeExpatrick has a reputation beyond reputeExpatrick has a reputation beyond reputeExpatrick has a reputation beyond reputeExpatrick has a reputation beyond reputeExpatrick has a reputation beyond reputeExpatrick has a reputation beyond reputeExpatrick has a reputation beyond reputeExpatrick has a reputation beyond reputeExpatrick has a reputation beyond reputeExpatrick has a reputation beyond repute
Default Re: Real Estate Development near Budapest. Please advise.

Quote:
Originally Posted by scot47 View Post
I am thinking of going to the Casino in Budapest and investing all of my money on a game of roulette. What insights can long-term residents give me ?


That makes about as much sense as the OP's inquiry/
Now you're just being silly! Everybody knows you should be buying scratch cards and just think, you could really annoy Duztee by buying them all at the Post Office!
Expatrick is offline   Reply With Quote
Old Dec 31st 2017, 9:27 am   #22
duztee Male
BE Enthusiast
 
duztee's Avatar
 
Joined: Dec 2012
Location: Nagykoros, Hungary
Posts: 593
duztee is a name known to allduztee is a name known to allduztee is a name known to allduztee is a name known to allduztee is a name known to allduztee is a name known to allduztee is a name known to allduztee is a name known to allduztee is a name known to allduztee is a name known to allduztee is a name known to all
Default Re: Real Estate Development near Budapest. Please advise.

Quote:
Originally Posted by Expatrick View Post
Now you're just being silly! Everybody knows you should be buying scratch cards and just think, you could really annoy Duztee by buying them all at the Post Office!
As soon as I read the first sentence I was already formulating a reply, but I see you already did it for me! :-)

Most of us seem to be offering an opinion to the OP, with little response I'm thinking perhaps he (she) has kind of gone off Hungary as an investment opportunity.
duztee is offline   Reply With Quote
Old Dec 31st 2017, 9:36 am   #23
Forum Regular
 
Joined: Dec 2011
Location: Germany
Posts: 251
Watchpost has a reputation beyond reputeWatchpost has a reputation beyond reputeWatchpost has a reputation beyond reputeWatchpost has a reputation beyond reputeWatchpost has a reputation beyond reputeWatchpost has a reputation beyond reputeWatchpost has a reputation beyond reputeWatchpost has a reputation beyond reputeWatchpost has a reputation beyond reputeWatchpost has a reputation beyond reputeWatchpost has a reputation beyond repute
Default Re: Real Estate Development near Budapest. Please advise.

Watchpost is offline   Reply With Quote
Old Dec 31st 2017, 10:07 am   #24
BE Enthusiast
 
Joined: Dec 2009
Posts: 879
FenTiger is just really niceFenTiger is just really niceFenTiger is just really niceFenTiger is just really niceFenTiger is just really niceFenTiger is just really niceFenTiger is just really niceFenTiger is just really niceFenTiger is just really niceFenTiger is just really niceFenTiger is just really nice
Default Re: Real Estate Development near Budapest. Please advise.

I agree with Stegy .....
FenTiger is offline   Reply With Quote
Old Dec 31st 2017, 10:14 am   #25
BE Enthusiast
 
Joined: Dec 2009
Posts: 879
FenTiger is just really niceFenTiger is just really niceFenTiger is just really niceFenTiger is just really niceFenTiger is just really niceFenTiger is just really niceFenTiger is just really niceFenTiger is just really niceFenTiger is just really niceFenTiger is just really niceFenTiger is just really nice
Default Re: Real Estate Development near Budapest. Please advise.

Quote:
Originally Posted by Expatrick View Post
Now you're just being silly! Everybody knows you should be buying scratch cards and just think, you could really annoy Duztee by buying them all at the Post Office!
We actually know a Hungarian family who won the lotto two or three decades ago. They bought some land near Miskolc Tapolca and built a big house. Unfortunately, the father died before completing so they sold the house and adjoining land and split the proceeds, although one sibling got slightly more because he agreed to look after his mother until she died. I've seen both the original house and another built on the adjoining land. They must be worth so much more now.

Sorry for going off point ....
FenTiger is offline   Reply With Quote
Old Jan 1st 2018, 12:39 pm   #26
Just Joined
 
Joined: Dec 2017
Posts: 11
The Developer is an unknown quantity at this point
Default Re: Real Estate Development near Budapest. Please advise.

Quote:
Originally Posted by duztee View Post
Most of us seem to be offering an opinion to the OP, with little response I'm thinking perhaps he (she) has kind of gone off Hungary as an investment opportunity.
Not so fast. Just been a bit busy with all these New Year celebrations. I’ll shortly get back to you guys.

Last edited by The Developer; Jan 1st 2018 at 12:54 pm.
The Developer is offline   Reply With Quote
Old Jan 1st 2018, 10:06 pm   #27
Forum Regular
 
Joined: Feb 2013
Posts: 63
Carrot_Cruncher is on a distinguished road
Default Re: Real Estate Development near Budapest. Please advise.

Quote:
Originally Posted by FenTiger View Post
I agree with Stegy .....
As do I. With someone who had no real prospect of owning a property in the UK, short of inheriting one, I'm afraid I have little time for people who treat houses as currency rather than a place to call home.


I would hate to see generations priced out of houses in Hungary as well as the UK.
Carrot_Cruncher is offline   Reply With Quote
Old Jan 1st 2018, 10:16 pm   #28
duztee Male
BE Enthusiast
 
duztee's Avatar
 
Joined: Dec 2012
Location: Nagykoros, Hungary
Posts: 593
duztee is a name known to allduztee is a name known to allduztee is a name known to allduztee is a name known to allduztee is a name known to allduztee is a name known to allduztee is a name known to allduztee is a name known to allduztee is a name known to allduztee is a name known to allduztee is a name known to all
Default Re: Real Estate Development near Budapest. Please advise.

Perhaps a slightly different slant on things, I think we all pretty much accept the housing market situation is not brilliant here.
Perhaps anyone following this thread and thinking along the lines of investment should really be researching business opportunities.
I know nothing, but would hazard a guess that there is plenty of willing labour to be had for a very reasonable rate, if you can think of something profitable for them to make, or find a business that needs the investment.

I am sure if my top of the head thought is wildly impractical someone will correct me and put other readers straight.
duztee is offline   Reply With Quote
Old Jan 2nd 2018, 8:35 am   #29
it's not true!
 
Joined: Mar 2017
Location: Buda
Posts: 2,413
Expatrick has a reputation beyond reputeExpatrick has a reputation beyond reputeExpatrick has a reputation beyond reputeExpatrick has a reputation beyond reputeExpatrick has a reputation beyond reputeExpatrick has a reputation beyond reputeExpatrick has a reputation beyond reputeExpatrick has a reputation beyond reputeExpatrick has a reputation beyond reputeExpatrick has a reputation beyond reputeExpatrick has a reputation beyond repute
Default Re: Real Estate Development near Budapest. Please advise.

CC & Duztee, I think you both made valid points. Like all Countries, Hungary needs further inward investment, to provide opportunities, particularly for the young.
Expatrick is offline   Reply With Quote
Old Jan 2nd 2018, 9:34 am   #30
BE Forum Addict
 
Joined: Nov 2012
Posts: 1,015
Peter_in_Hungary has a reputation beyond reputePeter_in_Hungary has a reputation beyond reputePeter_in_Hungary has a reputation beyond reputePeter_in_Hungary has a reputation beyond reputePeter_in_Hungary has a reputation beyond reputePeter_in_Hungary has a reputation beyond reputePeter_in_Hungary has a reputation beyond reputePeter_in_Hungary has a reputation beyond reputePeter_in_Hungary has a reputation beyond reputePeter_in_Hungary has a reputation beyond reputePeter_in_Hungary has a reputation beyond repute
Default Re: Real Estate Development near Budapest. Please advise.

As has been pointed out above and in other threads the Hungarian housing market differs substantially from the UK market. The UK market suffers from shortage which drives the price upwards until it over heats and then there is a 'correction' (crash) and people suffer negative equity until the prices recover. Hungary has an over supply of houses (but as with any fixed location commodity not everything is in the right place), a falling population and in addition to this Hungary does not have the habit of mobility that occurs in the UK, although this is changing. So supply and demand will increase prices in the UK and depress them in Hungary. Obviously location plays a part and cities and remote villages can alter the 'norm'.

With regard to the work force, Hungary is beginning to suffer the lack of skilled trades (recent TV articles) because a) youngsters do not want to train into 'dirty trades', plumbers, electricians and builders etc., the older trades people are not taking courses to keep up to date with new requirements AND the younger trades people who have a language skill have gone west for higher wages. In the Hungarian rural locations it is becoming increasingly difficult to find unskilled labour. I was talking to an Austrian farmer who, some years back, got his seasonal labour from Hungary, he now finds this not possible and his seasonal labour comes from Romania and Montenegro.

There are business opportunities here - just look at the number of multinationals who have opened up operations here in the past few years, however I don't think that there would be much chance of a small enterprise succeeding with an absentee owner / investor.

All of the above is just IMO
Peter_in_Hungary is offline   Reply With Quote
Reply

Go Back   British Expats / Living & Moving Abroad / Europe / Hungary


Thread Tools

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are Off
Refbacks are Off



All times are GMT. The time now is 4:34 pm.


We are a participant in the Amazon Services LLC Associates Program, an affiliate advertising program designed to provide a means for us to earn fees by linking to Amazon.com and affiliated sites.
Powered by vBulletin: ©2000 - 2018, Jelsoft Enterprises Ltd.
© 1999-2010 BritishExpats.com