According to Ferenc Mate, Deputy General Director of Duna House, 3% of current housing listings are in euros, and most of them are lots more expensive than 100,000 euros. Due to the instability of the forint, sellers are increasingly favoring buyers who are willing to pay in euros, even if the initial price is set in forints.
In most cases, tenants pay for rental of luxury real estate in prestigious areas of Budapest in euros, but this is less common in the broader market.
There are obvious signs that indicate a growing preference for the euro. However, experts believe that this is still more typical for luxury real estate, while standard apartments are mostly denominated in forints.
Foreigners and those who live in the western regions of Hungary are more likely to enter into transactions in euros.
According to Zsuzsa Liptak, managing director of Zenga, about 15% of rental ads in the Hungarian market include euros. At the same time, prices in euros are much less common in real estate listings.
Source: Daily News Hungary