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The nearly twofold increase clearly shows that Újpest is one of the most dynamically developing districts of the capital’s real estate market.
Duna House data shows growth in several other parts of the capital as well: in the 13th District, for example, interest jumped from 18% to 25%, and in the 14th District from 15% to 20%. These figures indicate that within the Budapest real estate market there is a growing demand in the outer districts too, where both more affordable price per square meter and ongoing developments may be attractive.
The Home Start Program played a major role in increasing the activity of young families and first-time homebuyers in recent months. Many had already begun exploring the market before the program’s launch, especially in districts where housing remains more affordable but still offers good transport links and infrastructure.
“The market demand is influenced just as much by prices and location as by state subsidies, which can trigger significant changes in a short time,” said Péter Szegő, lead analyst at Duna House. “The drastic surge in interest was already noticeable immediately after the announcement of the Home Start Program, and the jump in popularity of several capital districts, including Újpest, can be linked to this as well.”
The example of Budapest’s 4th District clearly shows how the meeting of support opportunities and market supply can bring marked changes on the demand side even in a short time. “In the coming months it will also become clear how the program will reshape the map of the capital’s real estate market in the longer term,” said Szegő.
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