Real Estate Market Experienced Notable Price Increases

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The Hungarian real estate market has experienced notable price increases compared to the first quarter of the year, according to infostart.hu.

Average costs per sqm in Budapest have consistently remained above HUF 1 million (EUR 2,534). Concurrently, rents in the capital have risen by as much as 15% compared to the previous year.

Data from rental platforms indicates that further increases are anticipated as rental agreements expire during the summer.

Purchasing property in Hungary has become more expensive, with the annual rate of house price appreciation surging from 1.6% in January to 6.4% in July.

Data from ingatlan.com reveals that the most significant price increases were observed in Eastern Hungary, including cities such as Szeged (170 km southeast of Budapest) and Debrecen (225 km east), where house prices have risen by 8.1 to 8.3% compared to the previous year. In contrast, Pest County experienced the slowest growth, with prices rising by around 3%.

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