News Article Budapest housing Hungary residential
by Property Forum | Residential

Prime residential developments will start in this 13-hectare territory in Pilisborosjenő, 7 km northwest of the capital. OC Investment Solutions assisted with the deal, reports.

Demand for quality detached houses and small condos did not shrink. That is the reason why some leading developers eye plots in the hilly part of the suburbs such as Pilisborosjenő, where this transaction took place.  

The market of newly built homes slowed down significantly over the past months due to a lack of cheap financing. However, experts say by obtaining prime plots now, developers may buy some time to make their development plans more accurate which puts them in a better position when the market recovers.