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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.