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Aug 10, 2017

Sky rocketing property prices in Budapest see people heading for pastures new

Approximately 137,000 people moved from Budapest to the surrounding settlements between 2001 and 2011, according to data from the Bureau of Statistics

Sky rocketing property prices in Budapest have seen people heading for pastures new to set up home, it has been revealed.

The Hungarian government is providing aid for those wishing to build or purchase properties, lower property prices in other areas and the increasing price of homes in the capital are causing people to move out.

According to Magyar Idők, approximately 137,000 people moved from Budapest to the surrounding settlements between 2001 and 2011, according to data from the Bureau of Statistics. 

Statistics show that the population of Budapest and Pest County changed at a similar rate between 2011 and 2016. Budapest’s population grew by 35,000 people, while the county’s population increased by 33,000.