ADVERTISEMENT

25,000 Apartments Being Built in Budapest

Residential

Image by Shutterstock.com

About 25,000 new apartments are being built in Budapest, according to a March housing market survey from Otthon Centrum.

Survey results said the average price per square meter of newly built apartments offered in Budapest in the first quarter of this year is HUF 1.655 million, a 3.1% higher price compared to the values of the previous quarter, OC announced.

It pointed out that, in annual terms, the average cost per square meter increased by only 5.1% due to the significant number of new apartments on the market and the fact that most developers tried to avoid or minimize price increases. 

Zwack Profit Falls 16% Figures

Zwack Profit Falls 16%

EC Advances Infringement Procedure Over Hungary's Sovereignt... EU

EC Advances Infringement Procedure Over Hungary's Sovereignt...

Hell Energy Inaugurates HUF 80 bln Capacity Expansion Manufacturing

Hell Energy Inaugurates HUF 80 bln Capacity Expansion

Puskás Arena to Host 2026 Champions League Final In Budapest

Puskás Arena to Host 2026 Champions League Final

SUPPORT THE BUDAPEST BUSINESS JOURNAL

Producing journalism that is worthy of the name is a costly business. For 27 years, the publishers, editors and reporters of the Budapest Business Journal have striven to bring you business news that works, information that you can trust, that is factual, accurate and presented without fear or favor.
Newspaper organizations across the globe have struggled to find a business model that allows them to continue to excel, without compromising their ability to perform. Most recently, some have experimented with the idea of involving their most important stakeholders, their readers.
We would like to offer that same opportunity to our readers. We would like to invite you to help us deliver the quality business journalism you require. Hit our Support the BBJ button and you can choose the how much and how often you send us your contributions.