Q4 Resale Flat Prices Fell 3.5%

Residential

Photo by Fabio Balbi / Shutterstock.com

The average price of resale flats in Budapest fell 3.5% in the fourth quarter compared to Q3, real estate broker Otthon Centrum said this week according to portfolio.hu.

Prices fell by more than 10% in the central Districts IV and V as well as in leafy District XII.

Prices in upscale District I dropped 8%.

On the other hand, prices rose 15% in the outlying Districts III and X. The average home price was HUF 963,000/sqm, but was as high as HUF 1.2 million/sqm in District V.

The price data does not include housing estates built during the socialist era.

ADVERTISEMENT

Third of Czechs Only Have a Minimum Financial Reserve, Surve... Analysis

Third of Czechs Only Have a Minimum Financial Reserve, Surve...

IMF Urges Hungarian Authorities to Carry out Structural Refo... Government

IMF Urges Hungarian Authorities to Carry out Structural Refo...

New CEO at the Helm of Kifli.hu Appointments

New CEO at the Helm of Kifli.hu

120,000 Guest Nights Expected From World Athletics Champions... Tourism

120,000 Guest Nights Expected From World Athletics Champions...

SUPPORT THE BUDAPEST BUSINESS JOURNAL

Producing journalism that is worthy of the name is a costly business. For 27 years, the publishers, editors and reporters of the Budapest Business Journal have striven to bring you business news that works, information that you can trust, that is factual, accurate and presented without fear or favor.
Newspaper organizations across the globe have struggled to find a business model that allows them to continue to excel, without compromising their ability to perform. Most recently, some have experimented with the idea of involving their most important stakeholders, their readers.
We would like to offer that same opportunity to our readers. We would like to invite you to help us deliver the quality business journalism you require. Hit our Support the BBJ button and you can choose the how much and how often you send us your contributions.