Cordia notes that experts forecast significant growth in Hungary’s new home market in 2025, with signs of increased demand starting in late 2024. In Budapest, 2,600 new apartments were sold in Q4 2024, nearly matching the total sales for 2023 and the highest since 2018.
This surge led to a drop in supply to just 6,000 new homes by year-end, barely enough to meet demand for the next year if no new developments are launched. Overall, 7,300 newly-built apartments were sold in Budapest last year, approaching the dynamic levels of 2016–2018.
Cordia’s diverse portfolio ranges from city-center studio apartments and rentals to green-belt family homes and luxury penthouses with panoramic views. Nearly one-third of the new units will be part of the Marina City development, a 14-hectare, car-free riverside area along the Danube. Sales for the third phase are expected this year, with the fourth phase in the second half.
The Marina City district has been especially popular, with demand surpassing the city average—14% of Budapest’s new apartment sales occurred here in Q4 2024, the developer notes.
Additionally, Cordia is advancing the development of Sasad Resort, one of Buda’s top residential parks, and the long-awaited fifth phase of Thermal Zugló in District XIV. The company is also offering energy-efficient, value-retaining homes in the Millennium Quarter of District IX, with the second phase of the Woodland project now underway.
Newly built apartments command higher rental prices than older properties. Cordia’s studio apartments on Corvin Promenade rent an average of HUF 270,000 (ca. EUR 662) per month, one-bedroom apartments for HUF 330,000 (ca. EUR 809), and two-bedroom apartments for around HUF 500,000 (ca. EUR 1,225)—25% higher than older properties in the same area.
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