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The Hungarian Housing Market Group D

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Andrea Fleetwood

on 28 August 2013

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Transcript of The Hungarian Housing Market Group D

The Hungarian Housing Market
design by Dóri Sirály for Prezi
Step 3
Rent Per Month
Apartment (1 bedroom) in City Centre 60,000.00 Ft
Apartment (1 bedroom) Outside of Centre 45,000.00 Ft
Apartment (3 bedrooms) in City Centre 100,000.00 Ft
Apartment (3 bedrooms) Outside of Centre 80,000.00 Ft

Buy Apartment Price
Price per Square Meter to Buy Apartment in City Centre 320,000.00 Ft
Price per Square Meter to Buy Apartment Outside of Centre 240,000.00 Ft

The challenging evolution from Hungarian communism to capitalism weighs heavily within the aspects of the Hungarian housing market.
The elimination of the market economy after 1945, laid restrictions on private property and the nationalization of buildings had a direct impact on the development of the inner-city. In the late 1940s and early 1950s the building stock of the historical quarters was nationalized and the commercial housing market ceased to function.
Finally the long overdue political change had arrived for Budapest Hungary.
Step 2
FHB House Price Index (2000=100)
% change over a year earlier
Step 4
Before the switch to capitalism, the social classes in Hungary were visibly unequal. Communism is a type of government that generally aims to reduce the distinction between social classes.
With the switch from communism to capitalism, the citizens of Hungary have been forced to learn how to operate in a free market economy, something they knew nothing about prior to the revolution
The combination of historical, political, economic, and social factors that resulted from the country’s shift to capitalism and a free market economy created a domino effect within the housing market.

To understand a country’s revolution, such as the Communist revolution, it is important to understand its history.
By: Crystal Smith, Shannon Gonzales, Andrea Fleetwood, Nicole Donnelly
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