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Hungarian Real Estate Market

  • Great new buildings demand

  • Low construction: only 14.000 houses per year

  • Average price: €1600 sqm

    • Of Interest

    • The house tipology with greatest demand and, consequently, with most revaluation corresponds with the small apartments with medium-high finishes and well-located in the centre of the capital city.
    • The usual prices for average flats in the best locations of Budapest vary between €1400 and €2500
    • The flats in Hungary can be acquired by either private people or corporations. The most common way of doing it is through companies established in Hungary, which fastens the stages and has more economic advantages, specially if you have more than one apartment.
    • The presence of foreign investors has notably increased during the last five years. The pioneers in the market were the Israeli investors and their presence is so important that in the last four years they have participated in 70% of the house building projects. Nowadays, the interest of other investors is increasing with the presence of Irish, English and Spanish people.
    • Due to the high purchasing power of these groups, the areas or districts with greatest demand in the city are the centre of Pest (districts VI and VII) and the hills of Buda (districts II and XII). The decision to purchase used to be taken according to the place's services, the location of the flat in the area and the architectural design, among other characteristics.
     
    Real Estate Market in Budapest
    Real Estate Guide Hungary

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    Real Estate Guide Hungary

    Real Estate Investment Guide Budapest

    Discover all the keys to investing in Budapest: real estate market, financial information, keys for a successful investment, etc.

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