An important forecast for the real estate market: a significant increase in common costs may come in 2024. Here are the details:
Due to the delayed developments and the delayed price correction, experts consider a common cost increase of up to 20% possible in 2024.
While the condominiums have typically replenished their reserves (if they had any at all), the fees for services (cleaning, professional work, etc.), insurances, and bank transactions are constantly rising. These apartment buildings will no longer be able to be financed without a price increase this year, so drastic price increases are expected.
Of course, not everywhere with the same amount. According to the experts speaking to the press, the expected rate of price increase depends on the financial situation of the house, its size, the type of heating, and whether the building has an elevator. Based on these, an increase of HUF 8-10,000 is likely in a well-run, four-story building without an elevator, depending on the size of the apartment, while in a debt-ridden, 10-story building with an elevator, an even greater increase in common costs can be expected.