REALWorld Law

Country overview

Introduction

Hungary

Hungary

After a lengthy period of very poor economic performance Hungary is at last experiencing growth. This improvement has been ongoing since 2013. The country has one of the lowest state fiscal deficits in Europe. Unemployment is reducing and the retail sector has seen an upturn in line with consumer confidence. This is combined with a healthy balance of international trade. All this has led to a revival in investment in Hungarian real estate, with the central area of Budapest and the corridor northwards, in particular, seeing renewed investment and leasing activity.