Hungary: exception in the real estate market Print E-mail

According to a research, made by the Polish consultancy company Reas and by John Lang Lasalle, property prices in the Eastern European market will carry on falling throughout 2009. The only two exceptions will be Hungary and Slovakia, where house prices are predicted to remain essentially steady.

In Hungary – where in 2008 demand fell by 40% and offers by 53% - Otp Ingatlan Zrt., one of the biggest Hungarian construction companies, will take a break, by freezing two thirds of its projects for 2009.
Source: Il sole 24 ore, 28/02/2009