Otthon sells priciest homes in capitalʼs District 2

Sustainability

Not many high-priced homes are sold in Hungary, according to data compiled by residential real estate trading and advisory firm Otthon Centrum (OC). Only about 0.75% of the homes sold through OC in 2018 so far fetched over HUF 100 million, most of them in Budapest.

The majority of expensive homes sold by OC were apartments built of brick, with an average floor space of 194 square meters, sold on average in 160 days. Compared to this, houses sold about two months sooner, said a press release sent to the Budapest Business Journal.

One-third of homes going for over HUF 100 mln were sold in District 2 of Budapest. More than half of the most expensive homes were sold in Districts 2, 11 and 12 (on the Buda side), and 10% in the central District 5 in Pest.

One six-bedroom apartment in District 5 sold for HUF 180 mln, said OC. In this area, the most expensive apartment sold for HUF 1.5 mln per sqm, it added.

Outside Budapest, the most expensive apartment was sold in Siófok, at Lake Balaton. The apartment, situated 100 meters from the lake shore, sold for HUF 50 mln.

As for houses, the record high price was paid for a 400 sqm villa in Adyliget, in the outer Buda area, for HUF 270 mln. Outside Budapest, the highest price was paid for a house in Pécs, southwest Hungary, for HUF 139 mln.

ADVERTISEMENT

Climate change hurts economy, but creates new business oppor... Analysis

Climate change hurts economy, but creates new business oppor...

Lawmakers approve 2022 budget Parliament

Lawmakers approve 2022 budget

Dentons rehires banking and finance partner Appointments

Dentons rehires banking and finance partner

Budapest launches revamped coupon card for visitors City

Budapest launches revamped coupon card for visitors

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.