search

District
PRICE
PRICE
-
Bedrooms
keyword
search
detailed search
type
size
size
- sqm
Floor
View
extras
search
simple search
June 21st, 2018

Budapest Apartment Price Growth - The Current Status of the Hungarian Property Market

There is a strong demand for new and used homes as well, while the prices are heading upwards anyways.

Over the past two years, prices have risen by more than 25 percent in the most expensive district of Budapest, the 5th district. However, the growth is nowhere to stop. Even on regional level Budapest prices are still below the average on the property market.

Two years ago, in a popular district of Budapest, an apartment to be renovated was available at 660 thousand forints per square meter. This amount is now around 807 thousand forints. In the case of new dwellings, the same amount is currently around 1.167 million forints.

In addition, demand is great, so if one thinks about buying a 100-square-foot apartment, it's worth about 80 million forints. The supply is limited, although more and more complete flats are being refurbished and converted into a spacious, well-designed flat. There is where even higher amounts of apartments are available: near the Danube, you can get an apartment of up to 1.5-2 million forints per square meter.

Among the most popular, the most expensive districts and neighborhoods, the Basilica, the Parliament Area and the Szabadság Square are worth mentioning.

There may be several reasons why the price increase continues. Due to considerably increased material prices and the shortage of specialists, the costs have also increased considerably, but this does not deter investors from buying two or even three or more apartments and issuing or renovating them. The benefits can be up to 25-35 percent.

egyre_csak_dragulnak_a_belvarosi_lakasok2

With regard to short and long-term expenditure, rather long-term rentals are more successful. However, rent is also a factor in the number of other services related to the dwelling.

At a regional level, however, it can be seen that Budapest has not yet reached the state of critical dearness. In Bratislava, in the center, the average price of an average apartment is 1.1 million forints. 

Forrás:

https://www.vg.hu/vallalatok/ingatlan/meg-mindig-millios-uzlet-a-belvarosi-lakas-921286/

Interested in buying a property in Budapest?

Interested in buying a property in Budapest?

Contact us to get a tailor made investment advice from the Budapest market specialist.

 

Send Enquiry

Tower-International Kft.
H-1052 Budapest, Bécsi utca 2
(at the corner of Kristóf tér and Bécsi utca)
Phone: +36 1 808 9777
Mobil: +36 20 496 8545
Fax: +36 1 354 0981
Mail: info@tower-investments.com

Market news

We keep you posted on property prices in Budapest and real estate market trends in Hungary

Meet Our Expert in London

Our sales agent is happy to meet you on 26th and 27th September, 2018. Would you like to see how the property market changed in Budapest? Get first hand information about the property prices and market trends from...

Budapest Apartment Price Growth - The Current Status of the Hungarian Property Market

There is a strong demand for new and used homes as well, while the prices are heading upwards anyways. Over the past two years, prices have risen by more than 25 percent in the most expensive district of Budapest, the...

New Real Estate is a Better Investment

A new turn is in the air in the property market for investment-leasing. The new trend has shown that investors are more likely to turn to instant solutions than before - that is, a new home is more popular because...

Subscribe to our mailing list

Tower Investment
Contact Us Now on Phone or via Form