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Hungary home price increase climbs over 20%

Residential

Home price growth in Hungary accelerated to 21% in the fourth quarter of last year from the same period in 2020, data compiled by the Central Statistical Office (KSH) show.

The price of resale homes climbed 21% and the price of new homes increased 22%.

The price of homes averaged HUF 324,000 per sqm for the whole country in Q4. The price in the capital averaged HUF 713,000/sqm, but was as low as HUF 160,000/sqm in underdeveloped areas in the north of the country.

Data for the full year show the price of a new home in the capital averaged HUF 920,000/sqm. In Debrecen, the country's second-biggest city, new home prices averaged HUF 639,000/sqm. Average prices stood at HUF 556,000/sqm in Szeged, HUF 596,000/sqm in Kecskemét and HUF 521,000/sqm in Szombathely. 

Home sales reached 19,000 in Q4, falling from 32,600 in the previous quarter and close to 28,700 in the same period a year earlier.

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