Real Estate Market in Budapest - 2018

19/06/2018

Real estate market in Budapest - 2018

Real estate prices have been growing in Budapest for years.
According to several Hungarian real estate agencies, everybody should calculate with more than 1 milion HUF (3.150 Euro) per square meter by 2020 in Budapest downtown.

This is because investing in real estate in Budapest becomes more and more attractive: the real estate prices in Budapest have doubled since 2014. In fact, the average sum per square meter was 420 thousand HUF (1.321 Euro) then. Last year this sum increased to more than 788 thousand HUF (2.500 Euro). According to the latest data, growth has not stopped. In 2018 the average square meter price reached 900 thousand forints (2.830 Euro).

In these days, 13% of the flats was already more expensive than 1.1 mil. HUF (Euro 3.450). Motivation was mostly the intention to invest, but it sometimes happened that customers changed their small flat to a bigger one.

Growth of average sq. meter in 5th District – The Chart below is configured by “Duna House”.

*Estimated price

Dr. Lorenzo Amato - Law Firm Balint Halmos