detailed search
- sqm
simple search
March 20th, 2018

Significant Increase in Budapest Real Estate Prices Over Two Years

Compared to February 2016, the average price of newly built apartments in Budapest increased by about 200 thousand forints. While two years ago it was possible to access a newly built apartment at an average square meter price of around 480,000 forints, this amount is now around 689,000 forints. Rural prices have also undergone a similar change.

Two years ago, the introduction of several positive legislative changes for families and the VAT cuts have contributed to the price increase in Budapest. The market has been rumbling since then, breaking many years of record. Demand and supply have also risen, and experts say it will continue in 2018. According to some estimates, considering only the developments announced, 25,000 new homes can be built this year, most of which have already buyers.

The difference between Budapest and the bigger cities in the countryside is exactly 200 thousand forints, like the increase in the Budapest prices. The amount for what two years ago anyone could buy a new home in the capital today is completely needed in some rural big cities to get a new home.

According to the latest surveys, the most expensive rural city is Székesfehérvár, where the average square meter price rose to 489 thousand forints. Sopron and Veszprém follow it with an average square meter price above 400 thousand forints. And behind them are Kecskemét, Debrecen and Szeged too.


Picture: Average square meter prices in cities of Hungary (thousand forints)

The ever-expanding rural market is also a better opportunity for small investors. With good return on investment, university and industrial cities drive constant demand. Thus, although there is still a large gap between Budapest and rural cities, demand and supply, opportunities and returns make the countryside increasingly attractive for investors of the housing market.


Picture: and VG graph, 2018 February

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

Market news

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

Where to Buy Your Next Property in Budapest - Five Developing Neighbourhoods

The wave of development is noticeable to anyone when walking down the streets of Budapest. Constructions, tower cranes, new buildings are emerging, but there are many new real estates in urban development plans. Below...

Refurbished Apartments Worth 20% More, but Hard to Find Them

At present, there are significant differences between flat prices of Budapest, which is mostly attributable to the condition of the property. According to the analysis, owners can get up to 20% more for a...

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...

Subscribe to our mailing list

Tower Investment
Contact Us Now on Phone or via Form