Fewer real estate projects launched in Q1

Sustainability

Photo by FOTOGRIN/Shutterstock.com

The effects of the coronavirus are already being felt in the real estate market, as evidenced by the launch of 27 new projects in Budapest in the first quarter of this year, down 37.2% from the same period last year, writes hvg.hu.

Photo by FOTOGRIN/Shutterstock.com

Gábor Soóki-Tóth, head of analysis at Otthon Centrum, which claims to be the leading company in Hungary trading and advising on residential properties, said that the average price per square meter of newly built homes in Budapest increased by 10.4% year-on-year to an average of HUF 1.012 million.

The highest average unit prices are those for Districts I, II, V, and XII, where the price level is above HUF 1.5 million per square meter, hvg.hu adds.

ADVERTISEMENT

Századvég raises GDP forecast to 7.8% Analysis

Századvég raises GDP forecast to 7.8%

Opposition parties to begin PM candidate primaries Elections

Opposition parties to begin PM candidate primaries

New editor-in-chief at Betone Studio Appointments

New editor-in-chief at Betone Studio

Budapest leaders make public transport free for under-14s City

Budapest leaders make public transport free for under-14s

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.