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Land plot prices increased 57%

Residential

Image by Shutterstock.com

At the national level, the average price per sqm of plots was almost HUF 19,000 in mid-April, compared to HUF 12,000 a year earlier, which is over 57% more expensive, according to an analysis from ingatlan.com.

The company's research examined the market for hobby plots of up to 1,500 sqm and holiday and residential plots suitable for constructing holiday homes and detached houses.

According to its data, the average price per sqm of residential plots offered for sale in Budapest was nearly HUF 128,000 in mid-April, a 26% price increase year-on-year.

Summarizing all types of plots, including residential and recreational areas and outlying areas, prices have also jumped in the Balaton region and Pest county outside the capital.

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