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Quarterly growth was also strong at 4.2%, and the Home Start program contributed an estimated less‑than‑6% boost to prices in the second half of the year.
Between 2015 and 2025, Hungarian housing prices more than tripled, while rents rose 109%, far exceeding the EU averages of roughly 65% and 22%. In the same decade, only Portugal (180%), Lithuania (168%), and Bulgaria (157%) approached Hungary’s pace, while Finland was the only country where prices fell, by 3%.
The surge reflects tight supply, high construction and financing costs, and strong investor demand, amplified by state subsidies and the redirection of capital from maturing Premium Hungarian Government Securities (PMÁP) holdings.
Despite 23 approved and 10 newly proposed development projects, supply remains far behind demand, keeping both housing prices and rents under pressure.
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