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Jan 08, 2018

Budapest flats are among some of the cheapest in Europe but are still rising in price

The average price of property in Budapest's central district has risen to 884,000 HUF per square meter for used flats, and prices can reach 1.4-1.8 million HUF for brand new properties

Budapest flat prices are among some of the cheapest in Europe but are still rising, it has been claimed.

According to Index.hu, the average price of property in Budapest's central district has risen to 884,000 HUF per square meter for used flats, and prices can reach 1.4-1.8 million HUF for brand new properties.

As we revealed last year, the most expensive districts to purchase a home are 1, 2, 5, 6 and 12, and prices will continue to rise over the coming years to catch up with its European neighbors.

Cheaper properties can be found in Croatian, Romanian, Serbian, Bulgarian and Cyprian capitals, and the most expensive flats can be found in Switzerland (Zurich, Basel, Geneva), in the UK (London), and France (Paris).

Among Central European capitals, Vienna is the most expensive, the average price per square meter ranges from 1.1 to 2.3 million HUF.

According to the latest statistics, Hungarian real estate prices are catching up with capitals of the Visegrád Group countries. And, while the premium segment is nearing Vienna rates, the average price of a flat is still under the Viennese average.