The number of new homes under development and for sale increased by 30% year‑on‑year in Q2, surpassing 23,000 units nationwide.
In Budapest, the share of first‑time buyers climbed from 25% to 40% within one year of the program’s launch, while investors have shifted to the selling side of the market.
Housing prices rose sharply, with nationwide prices up 23.5%, and Budapest prices up 26% in Q4 2025, followed by 17.7% and 16.5% growth in Q1 2026.
Market overvaluation reached 22.5% by late 2025, raising concerns that transaction growth may stagnate without policy adjustments. Industry leaders say Hungary can build 25,000 new homes annually, with construction costs around HUF 800,000 per square meter before developer margins.
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