In a month-on-month comparison, home prices rose 2.7% nationwide and increased 2.6% in Budapest.

Price increases accelerated in September on higher demand driven by the Home Start subsidised credit scheme for first-time home buyers, Ingatlan.com said.

The average price for a resale home listed in Budapest’s central districts VI and VII ranged from HUF 1.5 million to 1.6 mln/sqm, early in October.

The average listing price was HUF 987,000/sqm in Debrecen, HUF 818,000/sqm in Pecs and HUF 937,000/sqm in Szeged.