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As spring rolls around, more and more people start planning for summer. The current epidemic situation limits the possibilities and, as it had to be accepted last year, it is likely that foreign travel will also have to be allowed this summer, so Lake Balaton could once again be the main destination.
Growing demand, cash payment
After the economic crisis of 2008, there was a stagnation in demand for several years, which has improved significantly in recent years. With the emergence of the coronavirus, we thought that the accident would happen again, but this was not the case: the reduction of trips abroad and the closure of the inhabitants of the city increasingly placed Lake Balaton in the forefront of the holidays. and buying real estate.
– said László Gyarmati, owner of Lido Home’s Siófok office with six offices around Lake Balaton since 2012. Colonial said that the gain of interest from clients in real estate in the area increased in the first half of last year, with most buying with cash.
The same is happening József Máhl, the franchise partner of the Balatonfüred office of Duna House, who revealed that all the strata have appeared on the market, and the news is certain that the cash purchase is typical.
Record year with coronavirus
Real estate on Lake Balaton has been characterized by strong demand so far, but this has increased due to the coronavirus. There are still more people looking for real estate than they would sell, which means a demand market has emerged. In addition, as a result of the epidemic, the demand for higher-priced real estate has also increased, as many people see the growth of national holidays as feasible in the long term.
– József Máhl told Index, adding that due to the sudden increase in demand due to the pandemic, a record year closed in 2020 and the usual closing previously fell short in January, so sales volumes and revenues they are also at record levels.
This also means that already in the first month of the year, they bought properties that are usually advertised only around March, which means that they have not started a new year anymore, and at the beginning of March they had already achieved a quarter of the results obtained in 2020. So if they continue like this, they could close another record year, but for that they also need to have enough property to sell.
There is already little accommodation for the summer
There is great interest not only in properties for sale on Lake Balaton, but also in publishing houses, which is understandable, after all, it is probably possible to go abroad in the summer of 2021, which is why most choose the Hungarian. Sea for vacation. József Máhl, the franchise partner of Duna House’s Balatonfüred office, told Index that most of the summer accommodations in the Balatonfüred catchment area are already booked: not even for less favorable properties. Own properties are appreciating, which is reflected in prices ”.
Both Colonial and Máhl agree that, in the current situation, the buyer has little time to look at a property. There is no time to hesitate, because when I decide to buy it, someone else had already slapped it. For example, well-priced properties find a buyer within a few days, which is especially fast in the domestic market.
The demand is intense, most people want to get rid of the panels, the urban environment, and if they cannot go on vacation abroad but have the money, they buy a property on Lake Balaton. The renovated resorts of Szabadi Beach House have been sold in about four months, while more than twenty of the eighty-three floors of the Roman House of Siófok have been sold in two months, although they will not be delivered until early next year. .
Colonial saying.
Prices in Rózsadomb on the shores of Lake Balaton
The incredible demand is also affecting property prices, in no way. According to Máhl, the prices of certain types of properties increased by approximately 20 to 25 percent as a result of the pandemic.
The most expensive area of Lake Balaton is the Tihany – Balatonfüred – Csopak triangle, which resembles the Rose Hill in Budapest. The price of two or three million guilders per square meter is not uncommon in Balatonfüred for apartments on the seafront and near the seafront.
– stressed József Máhl.
László Gyarmati is also experiencing a steady rise in property prices, and whereas a year or two ago everyone was picking up a flat at the price of a million guilders per square meter for a newly built apartment, now no one is surprised that prices are well above a million.
(Cover image: View of Siófok, in the middle of the renovated water tower, next to the new shopping center under construction. Photo: Sándor H. Szabó / MTI)
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