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District II Still Most Sought-After Area of Capital

Residential

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For the second time this year, District II is the most sought-after area of the capital while District XI came in second place according to a survey conducted among customers of Duna House.

In third place is District XIII, but many people are looking for an apartment in Districts VI and VII, as well, read the company's announcement yesterday.

Károly Benedikt, head of PR and analysis at Duna House, said, "It is a peculiarity of the capital's real estate market that the highest prices per square meter are offered by the owners of Buda properties and apartments in the narrowly defined Pest city center, so it is understandable that in general, only a narrower group of people prefer the Buda side."

"The last time it happened was in late 2020, during the pandemic, that two of the top three preferred districts for buyers were located in the greener and more airy Buda areas," the expert added.

"While the real estate market in Újbuda is stagnating compared to last year, the average price per square meter in District II of Budapest was 24% higher than the average price in 2022, at HUF 1.2 million, according to Duna House sales data," he noted.

Duna House's customers spent an average of HUF 112 million on property in the district, for which they received homes of nearly 90 square meters.

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