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/

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.:)

Re: Hungarian Property Price increases
 

Still better value in Hungary.

Re: Hungarian Property Price increases
 

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.

Re: Hungarian Property Price increases
 

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.

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

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.

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 ;)

Re: Hungarian Property Price increases
 

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.

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+

Re: Hungarian Property Price increases
 

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.

Re: Hungarian Property Price increases
 

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

Re: Hungarian Property Price increases
 

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:)

Re: Hungarian Property Price increases
 

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.

Re: Hungarian Property Price increases
 

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

Re: Hungarian Property Price increases
 

You are probably right with the garden and we always want more than we have, but sometimes you need to be sensible. I couldn't live in an apartment anymore and I get that people want more space, a 400-600 m2 house is extreme though. Maybe larger steel sheds would solve the problem with the junk?
https://cimg9.ibsrv.net/gimg/british...04a3e6016.jpeg

Re: Hungarian Property Price increases
 

I wouldn't mind a large steel shed like that but only if I had an extra 100m2 garden. Compulsory would be a toilet and shower, small kitchen with a separate fridge for beers!
I cannot imagine a house of 400-600m2. Would be handy to have a travelator to get to each end.

Re: Hungarian Property Price increases
 

This house is around 10 km's from where I live and has been in construction since 2007. I've always passed and just looked up planning file and the house apparently has 1538 m2. This is street view from last year and the wall must have taken a year to build alone.
https://cimg1.ibsrv.net/gimg/british...ce1c37bc67.jpg

Re: Hungarian Property Price increases
 

Being really really old I don't know what a m2 looks like!
But I know what 5 bedrooms and 3 bathrooms is like, yes it would be a lot to clean if I made it dirty, but being old, slow and male I don't create much dust in my wake, and in the summer months I have an army of tiny house ants to clear up for me.
Why is a big house good? well a 20x15 foot model railway takes up one room, a large collection of DIY and mechanical tools take a fair amount of space, especially if you enjoy the convenience of having them well ordered and easy to hand without having to shift piles of stuff to get the one you need. 3 toilets means one is always nearby, another thing really old people will understand.
And if I include convertible sofas then I can offer sleeping for 14 people, IF I still knew 14 people, another problem with old age, friends keep dying. and if any friends do visit I have a fairly soundproof room set aside for video games, film streaming or just loud '60 music. another old age fault, poor hearing.
A separate play room for visiting kids is also a godsend for a grumpy old single male who still believes they are better seen but not heard!
One other very useful room for the elderly is a dedicated office, which ever important paperwork or document you can't find can only be in one room!
America, Mexico and Brazil are all cheap, but I feel there is more chance of getting shot in any of these than living next to the present war zone.
Much has been made of 1 euro houses in Italy, but they come with a very large list of spec's which must be legally met or face stiff penalties.

So here I am and here I think I will stay.

Re: Hungarian Property Price increases
 

Is there a flock of sheep hiding round the back to deal with all that grass!

Re: Hungarian Property Price increases
 

1,538 m2 .... jeez ...

Re: Hungarian Property Price increases
 

And those 1 euro houses in Italy often don't have any garden and are in the middle of an old town, so not much different to an apartment. https://www.case1euro.it/properties/serradifalco-9/
Then you also have the earthquake risk.

Re: Hungarian Property Price increases
 

Definitely a ride on lawn mower is needed.
My dogs 🐕 🦮 would absolutely love that huge garden but I'd hate the job of finding where they'd pooed when I wasn't looking! A quad bike or electric golf cart would be handy to whiz around.

Re: Hungarian Property Price increases
 

I don't think 400m2 is as big as you think.

Imagine if you had a square house of 400m2, On a single floor that's only 20m long and 20m wide. The average person can walk 1.4m/s so if would take you 14 seconds to walk from one side of the house to the other.

What about a long thin house? So that would be 40m x 10m - still only 28 seconds walk from one side to the other.

That's not crazy big is it?

In reality the Hungarian estate agent when they say 400m, they include the house, the basement, the attic, the garage, so in reality one floor of the house is only 150-200m2

Re: Hungarian Property Price increases
 

Funny story, I was looking at getting a large one of those a while back, so I joined a forum in the UK specifically for people building their own garden workshops, and several people were absolutely furious at me, saying that I would be ruining my neighbours house prices and if I lived near them they would be complaining to the council etc.

This is exactly why I need to live somewhere with both space in the buildings and space between the houses, so I don't have miserable nosey neighbours getting upset because they don't like the colour of my shed

Re: Hungarian Property Price increases
 

Yeah, sheep and a ride on required:-). The other problem with such a huge garden is that it takes ages to establish if just a field from scratch. Sure, if you have so much money to buy larger trees and employ landscape gardeners it will be quicker job to make it nice. For those who aren't as wealthy and buy an old large house with established garden, you'll probably spend so much time working on the house that you can't enjoy the garden.

Re: Hungarian Property Price increases
 

When we were looking for a house we looked at one which was 100m2 .... no way did it look like 100m2 .... ah ah ... the 20m2 terrace was included!!!
If a terrace is included in living space once our new terrace is completed we'll have 140m2 living space in estate agent speak!

Re: Hungarian Property Price increases
 

A large garden is an excuse to buy a tractor. Every man wants to own a tractor right?

I'm sure the novelty wears off after a few weeks, but that's tomorrows problem :rofl:

Also as any tractor I can afford would be like 50 years old, that's something to play with in the workshop every weekend when it breaks! :lol: