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<blockquote data-quote="hkhathaj" data-source="post: 1440205" data-attributes="member: 16944">When Covid came I had the impression that real estate will decline in Hungary as well. It was already pumped up because the state supports families who promise to have 3 children with serious money+cheap loan. This made the real estate prices to grow steadily fast for about 5 years now. And real estate did not start to fall until now. Some people say that the value of houses with garden got even higher because people want to escape the apartments in huge buildings.We have a loan moratorium in Hungary: you don&#039;t need to pay your loans if you don&#039;t want to. This also prevented the real estate decline. But your loan gains even more interest while you are not paying... So most people predict that when this moratorium ends then will the real estate bubble pop. Maybe it will happen this spring when &quot;vaccine makes it possible to open up the economy&quot;.I have long planned to buy a nice house in a village (I live in a nice suburb of a city now). Now I already know which one I want to buy. The house itself is pretty old but at a wonderful place and with good neighbors who I already know. I could buy it tomorrow but then I would have no reserve remaining at all and with a family to support it is not a good idea in current times I guess.</blockquote>

[QUOTE="hkhathaj, post: 1440205, member: 16944"] When Covid came I had the impression that real estate will decline in Hungary as well. It was already pumped up because the state supports families who promise to have 3 children with serious money+cheap loan. This made the real estate prices to grow steadily fast for about 5 years now. And real estate did not start to fall until now. Some people say that the value of houses with garden got even higher because people want to escape the apartments in huge buildings. We have a loan moratorium in Hungary: you don't need to pay your loans if you don't want to. This also prevented the real estate decline. But your loan gains even more interest while you are not paying... So most people predict that when this moratorium ends then will the real estate bubble pop. Maybe it will happen this spring when "vaccine makes it possible to open up the economy". I have long planned to buy a nice house in a village (I live in a nice suburb of a city now). Now I already know which one I want to buy. The house itself is pretty old but at a wonderful place and with good neighbors who I already know. I could buy it tomorrow but then I would have no reserve remaining at all and with a family to support it is not a good idea in current times I guess. [/QUOTE]

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