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Mar 21, 2018

Hungarian housing market continues to prosper with rising house prices and increased investments

Figures show that districts 5, 6, 1, 2 and 12 are the most expensive and desirable places to live in Budapest

The Hungarian housing market is continuing to prosper with rising real estate prices and increased investments.

According to Forbes.hu, Duna House Barométer’s analysis from February reveals a 13.7 percent increase in the number of property transactions, which means about 13,000 entries in February.

Figures show that the total number of transactions in the first two months of this year is the highest since the financial crisis 10 years ago.

The annual forecast of Duna House predicts a 10-20 percent increase in 2018, which means 160,000-180,000 transactions on the Hungarian real estate market in total this year.

We revealed in January how in the third quarter of 2017, prices rose not only in Budapest, but in other towns and cities across the country.

Eurostat figures showed that home prices grew three percent compared to the previous quarter and 10.2 percent compared to Q3 of 2016. In previous quarters, the year-on-year increase reached 10.3 percent in Q1 and 10.1 percent in Q2.

Figures also show that districts 5, 6, 1, 2 and 12 are the most expensive and desirable places to live in Budapest.

Property prices are reaching way above and beyond the average 600,000 HUF per square meter in the most expensive parts of the city and are continuing to rise.