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House prices rise by 28% in Budapest suburbs

Homes in 96 settlements around the capital rose 28 percent to HUF 539,000 per square meter, compared to the full-year average price in 2021.

A report by real estate broker Otthon Centrum has found that the price of detached, resale homes in 96 settlements around the capital rose 28 percent to HUF 539,000 per square meter, compared to the full-year average price in 2021. Prices for detached houses were highest in Budakeszi and Budaörs, at HUF 662,000/sqm. Prices in Szentendre, at HUF 656,000/sqm, were the second-highest, followed by prices in Pilisvörösvár and Solymár, at HUF 630,000/sqm. Otthon Centrum noted that demand for detached homes has risen “significantly” because of the pandemic. The average price of resale flats in the suburbs increased 20% to HUF 705,000/sqm during the period. Prices were as high as HUF 800,000/sqm in Dunakeszi and Szentendre, and as low as HUF 630,000/sqm per square metre in Szigetszentmiklós.

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