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Resale home prices in bigger cities climb 10%

Residential

Photo by Fabio Balbi/Shutterstock.com

Resale home prices in county seats and cities with more than 50,000 residents - excluding the capital - rose about 10% in Q1-Q3 from the same period a year earlier, real estate broker Otthon Centrum said on Wednesday, according to a report by state news wire MTI.

The average price per square meter for a home in multiple-dwelling residential complexes in the cities stood at HUF 387,000 during the period.

Prices rose the most, by over 20%, in Veszprém, Tatabánya, and Székesfehérvár, in the west of Hungary, and in Miskolc, in the northeast. Prices in Nyíregyháza, in the northeast corner of the country, in Szeged, in the southeast, and in Sopron, on the border with Austria, were flat.

Flats were the dearest in Erd, on the outskirts of Budapest, at HUF 600,000 per square meter. Prices in Debrecen, Hungary's second-largest city, and Székesfehérvár, in the west, were the second-highest, both at around HUF 520,000 per square meter. The fourth-dearest city was Győr, where flat prices averaged HUF 500,000 per square meter.

The cheapest city to buy property in was Salgótarján, in the east, where a flat could be had for HUF 150,000 per square meter. 

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