Since 2015 Hungary’s property market has experienced extensive growth where property prices increased by 18% and housing transactions increased by 5%. The growth pattern continued into 2016 with rapidity and is set to be the same in 2017. Regardless of growing property prices, Hungary’s GDP experienced a slowdown in 2016 due to weak industrial growth and construction which took minor effect on the property boom. The government subsidiaries and regulations had been amended the same year and initiated easier loan conditions for property purchase.
