Capital home price appreciation outpaced in other cities

Residential

Photo by Fabio Balbi / Shutterstock.com

Prices of homes in the capital increased at just half of the pace prices rose in other cities around the country in the second quarter, data released by the National Bank of Hungary (MNB) on Friday show.

In Budapest, home prices rose 9.1% year-on-year in Q2, while they climbed 18.2% in other cities around the country.

Home prices rose in the double digits in cities in all of Hungary's regions with the exception of Western Transdanubia, where they climbed 8.9%.

In smaller communities, home prices rose by 7.3% in Q2

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