Foreign buyers seen slowly returning to Budapest property market

Foreign buyers have returned to the Budapest’s property market, albeit in smaller number than before an exit en masse before the crisis, business daily Vilaggazdasag said on Tuesday.
Foreigners, who used to account for about 10pc of property purchases in the capital’s central District V, practically disappeared in 2009, after the crisis hit, Attila Dery, chief analyst for real estate broker Otthon Centrum, told the paper. He added that some had even left the market after making down payments.

Mr Dery said foreign buyers returned in 2010, but in smaller number.
He added that before the crisis, the Brits, French, Italians, Spanish and Irish accounted for most buyers, but now there were fewer Brits, French and Spanish, and more Germans, Austrians and Italians.

http://www.realdeal.hu/20120214/foreign-buyers-seen-slowly-returning-to-budapest-property-market/