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