Budapest had the third fastest-growing property market in the world in 2018.
In the third quarter of 2018, the three cities in the world with the fastest-growing residential prices were Xi'an in China with 20 percent, Ahmedabad in India with 19.6 percent and Budapest with 19 percent.
According to Rmx.news, the index - which compares residential prices in 150 cities around the world - showed that at the other end of the scale, residential prices dropped by 13.2 percent in Turin, 8.3 percent in Tel Aviv and 7.4 percent in Stockholm.
Budapest also performed extremely well against neighboring countries, residential prices rose by 11.5 percent in the Croatian capital, Zagreb and by 5.6 percent in the Romanian capital, Bucharest.
Hungary's largest real estate agency, Duna House recently revealed that in a regional comparison residential prices in the central areas of the capital were the most affordable at 850,000 HUF per square meter.