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Old 09.09.2016, 15:01
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Re: The Brexit referendum thread: potential consequences for GB, EU and the Brits in

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Ex pat Hungarians sending money home

According to Google the price rises are mostly due to the Govt. improving conditions for home loans. Plus a non-refundable subsidy, the family housing allowance (CSOK) became available from July 1, 2015. It can be used for buying new- and used homes, for apartment expansions, and for home construction.
They also lowered VAT on new property from 27% to 5% starting soon which probably explains why the prices have stopped rising
That contributes, yes, but it's also the beginning of change. There is already a shortage of professionals in certain sectors including IT. The main reason people leave Hunagry has already shifted from not being able to find a job to being unhappy with the salary offered. Maybe raising salaries will hurt Hunagry's ability to compete but that's how economies balance. One step at a time.

Cuts to hosing taxes don't occur in a vaccum by the way. They will accelarate the already crazy building boom which is also creating jobs etc etc.
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