Holiday Units Constructed in Hungary-Ken Research

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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
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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 Hotel
suggests 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.
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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 childrens 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-an
d-construction/real-estate/hungary-real-estate-mar
ket/149544-97.html Related Reports https//www.k
enresearch.com/manufacturing-and-construction/real
-estate/qatar-real-estate-market/112182-97.html Th
e 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.
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https//www.kenresearch.com/manufacturing-and-cons
truction/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/manufactu
ring-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 UsKen ResearchAnkur
Gupta, Head Marketing CommunicationsSales_at_kenre
search.com91-9015378249
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