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Jan 31, 2019

Hungarian house prices set for further increase in 2019 and beyond

Economic research institute GKI has found that real estate prices are set to rise in every category in 2019, with the price of building plots rising the most.

Hungarian house prices are set to increase over the next 12 months, a study has found.

Economic research institute GKI has found that real estate prices are set to rise in every category in 2019, with the price of building plots rising the most.

According to MTI, the survey shows that the price of resale homes should rise by 5.7 percent in the next twelve months from January, the price of new homes should be up by 5.0 percent, office building prices should rise by 2.3 percent and store facility and warehouse prices could be up by 2.0 percent each.

What’s more, GKI expects price rises for residential housing to be higher in East Hungary than previously estimated.