Resale Home Price Values Outside Budapest Fall

Residential

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Home prices fell outside of the capital in the fourth quarter compared to Q3, real estate broker Otthon Centrum said yesterday, according to piacesprofit.hu.

Prices for detached homes fell 10%, on average, during the period. Apartment prices, excluding those in pre-fabricated "panel" housing estates built during the socialist era, dropped 8%.

Flats were dearest in Győr (125 km northwest of Budapest), priced at HUF 784,000/sqm, followed by Debrecen (225 km east), where they were HUF 777,000/sqm.

In Kecskemét (95 km southeast of Budapest), flat prices averaged HUF 634,000/sqm.

Detached home prices were highest in Érd (20 km southeast of Budapest) at HUF 650,000/sqm.

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