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-   -   Hungarian Property Price increases (https://britishexpats.com/forum/hungary-140/hungarian-property-price-increases-944331/)

FenTiger Jun 12th 2022 9:46 am

Hungarian Property Price increases
 
Interesting reading. Latest is December 2021 21%. Will be interesting what March 2022 and June 2022.
https://www.ceicdata.com/en/indicator/hungary/house-prices-growth
Surprised UK house price increase only 11%.


https://dailynewshungary.com/hungary-has-seen-the-biggest-increase-in-real-estate-prices-in-the-eu/




ecurb Jun 12th 2022 3:59 pm

Re: Hungarian Property Price increases
 
The only trouble is, if I sold my house in Hungary ( Free standing detach on 700+ sqm), I would not be able to buy a house like that in the England with the money I got from my Hungarian house. Especially with the current HUF/GBP exchange rate. Still it is nice to have a multi million (HUF that is) house in Hungary.:)

klarika Jun 12th 2022 4:51 pm

Re: Hungarian Property Price increases
 
Still better value in Hungary.

FenTiger Jun 12th 2022 5:32 pm

Re: Hungarian Property Price increases
 

Originally Posted by ecurb (Post 13121391)
The only trouble is, if I sold my house in Hungary ( Free standing detach on 700+ sqm), I would not be able to buy a house like that in the England with the money I got from my Hungarian house. Especially with the current HUF/GBP exchange rate. Still it is nice to have a multi million (HUF that is) house in Hungary.:)

Same with me. At the end of the day a house is only worth so much if you sold it. No way could I afford similar house I live in with same size plot anywhere in England, even with my old UK house proceeds.

FenTiger Jun 12th 2022 5:38 pm

Re: Hungarian Property Price increases
 

Originally Posted by klarika (Post 13121400)
Still better value in Hungary.

Agree with you. I live in a village, 20 minutes walk to a lakeside beach with bar, restaurant, changing rooms, showers, toilets. It's safe and secure and as I'm a resident in the village it's free. There's nothing like that in UK.

xavierx Jun 14th 2022 1:42 pm

Re: Hungarian Property Price increases
 
In 2019, I was almost ready to buy a house in my area (North-West UK) that had been for sale for 13 years for £350k
It was a 3 bed semi with half an acre of land and a very large shed.

Then covid happened

Now I can't find anything in my area with even a quarter of an acre for under £700k (which I could never afford if I worked till I was 100)

There is literally nothing I can buy in the UK now. Sure you can buy one of those tiny copy/paste houses with a 20 foot garden and barely enough space to part a smart car around the front for £300k, but I would rather live in a battery hen cage than that.

I so desperately need space it's driving me insane.

Not long now till my Hungary house hunting trip

duztee Jun 24th 2022 10:50 am

Re: Hungarian Property Price increases
 
My house insurance company have just sent me a notice that my policy is now 10 years old and should be updated.
The present policy is for the original purchase price of 26 million forints, they suggest the correct present day valuation should be 104 million. So a 4 fold increase in value, which as everybody else has pointed out means absolutely nothing!

Still wouldn't buy a garden shed in the UK, not that I could afford to go back there and live on my pension.
A quick Google reveals Turkey has the worlds cheapest property, Italy and perhaps oddly America also rate very low, so I could always move to one of those if the urge ever needs scratching.
But for now I am still happy rattling around in my ridiculously oversized house.

xavierx Jun 24th 2022 11:48 am

Re: Hungarian Property Price increases
 
I don't know much about Italy, but Turkey would be significantly less civilised. Plenty of nice places in America, and I spent a lot of time looking into that, but it is almost impossible for a UK citizen to get permanent residence in America. UK citizens are pretty much the only people in the world that are not allowed to apply for the green card lottery. Aparently they do this as we are not "diverse" enough. Obviously whoever made that rule has never been to Rotherham

I can't wait to be rattling round in a ridiculously oversized house, nothing would make me happier right now ;)

Moses2013 Jun 24th 2022 12:29 pm

Re: Hungarian Property Price increases
 

Originally Posted by xavierx (Post 13124141)
I don't know much about Italy, but Turkey would be significantly less civilised. Plenty of nice places in America, and I spent a lot of time looking into that, but it is almost impossible for a UK citizen to get permanent residence in America. UK citizens are pretty much the only people in the world that are not allowed to apply for the green card lottery. Aparently they do this as we are not "diverse" enough. Obviously whoever made that rule has never been to Rotherham

I can't wait to be rattling round in a ridiculously oversized house, nothing would make me happier right now ;)

I don't get the obsession with oversized houses. In Ireland we have a relatively small house 140m2 on a 3000m2 plot, but even that is a lot of work and the larger the house the more costs you have + nobody is getting younger. I'd be perfectly happy with a smaller house as long as it's detached with decent sized garden, unfortunately it's hard to find. If we sold up here (house is probably worth €300K now) we wouldn't get much for our money in the places we like. We did end up buying a cheap small plot of land (600m2) in Spain and built a smaller house which is a 2nd home, but even that is more than enough. Every year I get older, I understand that more. There is an older guy not far from us with a huge castle and it's falling apart now and doesn't have the money to maintain it.

xavierx Jun 24th 2022 12:44 pm

Re: Hungarian Property Price increases
 
I hate feeling cramped up all the time, I can't stand that British houses are so small, and not only that, so close to the neighbours, no separation.

Both myself and my wife have our own hobbies and collections that we just don't have the space to fully enjoy.

Honestly, nothing would make me happier than having space and one of the places that can make this a reality for me is Hungary. I'm looking at houses of 400-600m2 or combined house + business premises of 1000m2+

FenTiger Jun 24th 2022 1:14 pm

Re: Hungarian Property Price increases
 

Originally Posted by Moses2013 (Post 13124156)
I don't get the obsession with oversized houses. In Ireland we have a relatively small house 140m2 on a 3000m2 plot, but even that is a lot of work and the larger the house the more costs you have + nobody is getting younger. I'd be perfectly happy with a smaller house as long as it's detached with decent sized garden, unfortunately it's hard to find. If we sold up here (house is probably worth €300K now) we wouldn't get much for our money in the places we like. We did end up buying a cheap small plot of land (600m2) in Spain and built a smaller house which is a 2nd home, but even that is more than enough. Every year I get older, I understand that more. There is an older guy not far from us with a huge castle and it's falling apart now and doesn't have the money to maintain it.

Our Hungarian two bedroomed house is 100m2 on a 620m2 plot. For just two of us it's the perfect size. Ideally, I'd like a bigger garden but in the long term our garden size is best for us. Mother-in-law property is 2,000m2 with house size 70m2. We lived in that for a year!!!!
We're currently having a 40 m2 raised terrace built. Yup, it's really dragging on! Took a while to get the project rubber stamped.

FenTiger Jun 24th 2022 1:16 pm

Re: Hungarian Property Price increases
 

Originally Posted by xavierx (Post 13124164)
I hate feeling cramped up all the time, I can't stand that British houses are so small, and not only that, so close to the neighbours, no separation.

Both myself and my wife have our own hobbies and collections that we just don't have the space to fully enjoy.

Honestly, nothing would make me happier than having space and one of the places that can make this a reality for me is Hungary. I'm looking at houses of 400-600m2 or combined house + business premises of 1000m2+

400-600m2 .... do you mean plot size? 400-600m2 for a house would be huge ....

xavierx Jun 24th 2022 1:22 pm

Re: Hungarian Property Price increases
 

Originally Posted by FenTiger (Post 13124178)
400-600m2 .... do you mean plot size? 400-600m2 for a house would be huge ....

House size. I would like at least 1 acre (4000m2) of land, but house size is the most important thing.

I know most normal people probably think that's mad, but then they have probably not spent their lives collecting as much junk as me (it's not actually junk :lol:)

FenTiger Jun 24th 2022 1:27 pm

Re: Hungarian Property Price increases
 

Originally Posted by xavierx (Post 13124183)
House size. I would like at least 1 acre (4000m2) of land, but house size is the most important thing.

I know most normal people probably think that's mad, but then they have probably not spent their lives collecting as much junk as me (it's not actually junk :lol:)

In a house as big as 400 m2 I'd probably not see my wife all day! If one of us was looking for each other it'd take all day! I'd probably have to use the 'Find my phone' app to locate where my wife is.

xavierx Jun 24th 2022 1:37 pm

Re: Hungarian Property Price increases
 

Originally Posted by FenTiger (Post 13124184)
In a house as big as 400 m2 I'd probably not see my wife all day! If one of us was looking for each other it'd take all day! I'd probably have to use the 'Find my phone' app to locate where my wife is.

Maybe that's why I want it ? :rofl:

I'm only kidding, I'm not trying to avoid my wife. ;)

I think it's a British thing to think that something like that is too big. An American probably has 100m2 just for storing food :rofl:

I once stayed in a cheap off-the-strip hotel in Las Vegas and our suit was 204m2

I think spending time in America has made me realise how much nicer it is to have space, they have trailer park homes that are bigger than my house



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