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Property prices in Budapest still cheap in regional comparison

Property prices in Budapest rose about 20% year-on-year in the third quarter of 2018, but are still well under prices in the capitals of neighboring countries, data compiled by realtor Duna House show, Hungarian news agency MTI reported.

Properties located in the capitalʼs central Districts 5, 6 and 7 now average HUF 705,000 per square meter, but properties closest to the center are going for more than HUF 900,000 per sqm, Duna House said.

Internet database Numbeo puts average property prices in central Budapest at HUF 850,000 per sqm. This compares to the equivalent in local currency of HUF 2.13 mln per sqm for a flat in Vienna, HUF 1.43 mln per sqm in Prague, HUF 1.07 mln per sqm in Ljubljana, and HUF 913,000 per sqm in Bratislava.