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Avg new home price in Budapest above HUF 1 mln/sqm

Residential

Photo by Fabio Balbi/Shutterstock.com

New home prices in the capital averaged HUF 1,030,000 per square meter in January, climbing over the HUF 1 million mark for the first time, news agency MTI reports citing an analysis by listing site ingatlan.com.

The sqm price rose 17% from a year earlier, ingatlan.com said, based on an analysis of over 15,000 listings and official data. 

The sqm price of new residential property was under HUF 1 mln in just eleven of Budapest's 23 districts. Prices in the upscale Buda districts I, II and XII stood at HUF 1.7-1.9 mln per square metre, up 14-42% in a year. Prices in districts III, XI and XIII, which have the most new residential developments, were between HUF 1.1 mln and HUF 1.2 mln per sqm.

New home prices were cheapest in districts XIX, XX and XXI, at HUF 612,000-788,000 per sqm.

In Debrecen, Hungary's second-biggest city, new home prices averaged HUF 788,000 per sqm, up 23% in a year. In Békéscsaba, a county seat near the border with Romania, new home prices averaged HUF 500,000 per sqm.

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