Showing posts with label Real Estate Market in Hungary. Show all posts
Showing posts with label Real Estate Market in Hungary. Show all posts

Tuesday, June 5, 2018

Hungary Real Estate Market is Expected to Grow Significantly by 2022 Owing to Rise in Demand for Dwellings and Holiday Units Construction and Surge in Tourist Arrivals: Ken Research

Ken Research in its latest study, Hungary Real Estate Market Outlook to 2022 - by Residential (Dwellings Constructed by Regions, by Builders Type, Holiday Units Constructed by region, Dwellings Leased by Regions, Dwellings Sold by Regions), by Commercial, Retail and Hotelsuggests that the demand for real estate in Hungary would continue to grow owing to expansion in online real estate companies service  portfolios, reduction in loan interest rates prevailing in the country, decline in vacancy rate for commercial real estate properties and upliftment of plaza ban on construction of shopping malls.
  • Rise in tourist arrival in the country has significantly increases the market of hotel real estate in Hungary as demand for 4-star and 5-star hotels has been increased gradually and expected to remain high in future.
  • Rapid industrialization is further expected to drive the demand for commercial real estate expansion in Hungary along with decline in vacancy rate for commercial properties.
  • Sale of real estate properties is expected to increase majorly through the online distribution channel as people in Hungary majorly prefers to purchase through C2C sites which eliminates the commission margin of middle men.
Growth in Hungary Real Estate market will be facilitated by the increase in the number of online companies, increase in prices of residential properties. Major online real estate companies which have captured the major share of market include Themovechannel.com, Primelocation.com and Zoopla.co.uk, Mybudapesthome.com and Alberlet.hu.

Hungary real estate market has been expected to grow in future as there has been introduction of government scheme for providing subsidized amount of loan for the families having three or more than three children’s on purchase of newly constructed homes to increase the demand for residential properties along with increase in population of the country.
Increase in the rate of tourism in Hungary has been the another significant factor for the significant growth of the hotel real estate market as it has been projected that gross accommodation from the hotel will increase at a CAGR of 11.9% in future as majority of the construction of 4-star and 5-star hotel has been under construction. It has been expected that retail real estate market of Hungary will grow at a significant rate as plaza ban has been uplifted from construction of shopping mall in Hungary.

For more information on the research report, refer to below link:
https://www.kenresearch.com/manufacturing-and-construction/real-estate/hungary-real-estate-market/149544-97.html

Related Reports:
https://www.kenresearch.com/manufacturing-and-construction/real-estate/qatar-real-estate-market/112182-97.html
The Government of Qatar is focusing a lot on construction to meet the demand of tourists visiting Qatar in 2022 and meet the need of residence owing to increasing population.

https://www.kenresearch.com/manufacturing-and-construction/real-estate/indonesia-real-estate-market-research-report/583-97.html
Indonesia real estate market in terms of competition is extremely fragmented since there are a large number of local small builders who operate within the cities. However, Indonesia property sector has continued to be dominated by several big developers.

https://www.kenresearch.com/manufacturing-and-construction/real-estate/philippines-real-estate-market-research-report/29319-97.html
Metro Manila contributes the largest share in the Philippines real estate. The retail sector contributed to the highest market share in the Manila real estate market accounting for ~ % share in 2015.

Contact Us:
Ken Research
Ankur Gupta, Head Marketing & Communications
Sales@kenresearch.com
+91-9015378249

Thursday, May 31, 2018

Hungary Real Estate Market Outlook to 2022 – Ken Research

The report titled Hungary Real Estate Market Outlook to 2022 - by Residential (Dwellings Constructed by Regions, by Builders Type, Holiday Units Constructed by region, Dwellings Leased by Regions, Dwellings Sold by Regions), by Commercial, Retail and Hotel provides a comprehensive analysis of Hungary real estate market introduction and genesis, Hungary real estate market size by value and market segment by residential real estate market (Dwellings constructed by regions, Residential dwellings constructed by type of builders, Holiday units constructed on the basis of region, Dwellings leased on the basis of regions, Dwellings sold on the basis of regions) by Commercial real estate market (Hungary commercial real estate by volume, Budapest commercial real estate by volume, Budapest commercial rental real estate market) by Retail real estate market (Volume) by Hotel real estate market (Capacity of accommodation establishment, Tourist nights at Hotel, Tourist arrivals at accommodation establishment). The report covers the overall competitive landscape; government role and regulations, trends and developments, snapshot on Hungary online real estate market which covers overview of online companies operating in Hungary, business model, comparative analysis on business model, company profile of online real estate companies. The report also covers SWOT analysis, future projections for real estate market in Hungary along with analyst recommendation.
Market Size: Hungary real estate market contributes a substantial share in Hungary’s overall GDP with infrastructure projects accounting for highest spending. The growth in Hungary real estate market has been driven by four major segments namely- residential, commercial, retail and hotel sectors. Out of all the segments, residential segment has dominated the Hungarian real estate market. In Hungary, some of the major cities which have seen the development of real estate sector have been Budapest, Debrecen, Szeged, Miskolc, Pecs and Gyor. The real estate market has witnessed positive growth in residential market during 2012-2017.
Market Segmentation:
By Residential Real Estate Market: Hungary Residential Real Estate Market has performed exceptionally well in response to increasing demand for homes by growth in number of immigrants, increasing tourists density in the country and reduction in VAT rate. Major dwellings constructed in Hungary are in other towns and country towns as price of land is low as compared to price of land in Budapest. Hungary residential real estate market is supported by economic growth and influence of increasing expat population. Overall residential market volume has increased at a positive CAGR during the period 2012-2017.
By Commercial Real Estate Market: Hungary Commercial Real Estate Market majorly comprises of office space that has witnessed a growth during 2012-2017 as many multinational companies established themselves in Hungary, attracted by the strong business activities and robust economic growth. Occupancy rate has reached to record high rates in 2017 for commercial office space. The commercial rental market is mainly concentrated in Budapest, where the SSC (shared service centers) and BPO sector with the introduction of major companies like British Telecom and others hold the majority of transactions in its commercial market.
By Retail Real Estate Market: Hungary retail real estate market volume has registered a positive slow growth during the period 2012-2017. Hungary retail real estate market has been supported by real income of the citizens and the majority of young population. Budapest retail market is mostly dominated by 3 malls- West End City Center, Corvin Plaza and MOM Park along with high street market. There was no new supply for years 2014-2016 as there was plaza ban on new construction above 300 square meters of property in Hungary from 2012-2014.
By Hotel Real Estate Market: Hungary Hotel real estate market has showcased a rapid surge in gross income generation from accommodation fee at a double digit CAGR during 2012-2017. Major chunk of income from accommodation fee of Hungary hotel real estate comes from 4-star and 3-star hotels in 2016.
Snapshot on Hungary Online Real Estate Market:
In Hungary, online property portals are increasingly becoming a platform for research on buying, selling or leasing residential, commercial, retail and other kind of properties. Revenue for these portals is derived by offering a packaged deal to brokers, developers and professional agents, as well as several online property agents. The basic business model for these portals is to charge commission once the property is bought or sold. The online property market in Hungary has been dominated by a few real estate portals such as Themovechannel.com, Primelocation.com and Zoopla.CO.UK, Mybudapest.home.com, Alberlet.hu, Hungarianhouses.com, Tranio.com, Budapestrent.com, Flat-Rent-Hungary.com and Mhomes.hu. The sales proportion of real estate properties through online market has consistently grown owing to rising internet penetration, growing demand of internet among youngsters, surging youth population and opportunities by government infrastructure investments. The online market is anticipated to be vibrant during the upcoming years, boosted by growing number of property portals.
For more information on the research report, refer to below link:
Related Reports:
The Government of Qatar is focusing a lot on construction to meet the demand of tourists visiting Qatar in 2022 and meet the need of residence owing to increasing population.
Indonesia real estate market in terms of competition is extremely fragmented since there are a large number of local small builders who operate within the cities. However, Indonesia property sector has continued to be dominated by several big developers.
Metro Manila contributes the largest share in the Philippines real estate. The retail sector contributed to the highest market share in the Manila real estate market accounting for ~ % share in 2015.
Contact Us:
Ken Research
Ankur Gupta, Head Marketing & Communications
Sales@kenresearch.com
+91-9015378249