My name is Laszlo Biro, I'm the managing director of BL Invest Ltd. - a property investment firm based in Esztergom, Hungary. I've been working in the Hungarian property business for 16 years.
BL Invest Ltd. has been founded in 2003 and has been working with Hungarian financial firms on various property related tasks, such as appraisal reports and portfolio management. We are partners of Raiffeisen Bank, CIB Bank (Bank of Intesa), AEGON Bank, Volksbank (Sperbank), HILD (Bank of America). We also work with city councils, companies and natural persons on property investment management consulting tasks.
Our strong relationship with the financial sector allows us to get access to property investment opportunities not available for the general market.
When the property market struggles, the marketing spin has a tendency to rise exponentially.
The hotel market in Hungary has remained comparatively stable despite the economic and financial challenges the country is currently facing according to Jones Lang LaSalle Hotels latest Hungarian Hotel Intelligence report.
Based on the latest investment market report of Colliers International Hungary, the total investment transaction volume in Hungary in 2011 was €650 million, in comparison to 2010 when the value of investment transactions was less than €200 million.
Hungary’s residential real-estate industry ground to a halt after foreign-currency mortgages, which fueled a boom before they were banned in 2010, saddled homeowners with ballooning repayments when the forint sank to a record and prompted buyers to flee the market.