Apartments in Budapest Have Doubled in Price Since 2013
December 28, 2021
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And the percentage of average annual income for which you can buy one meter of housing is second right after Prague.
The situation. The cost per square meter of new buildings in Budapest has doubled since 2013. The Hungarian capital recorded the fastest price growth in the region, along with Prague, according to an analysis by KPMG. In eight years, the growth rate of housing prices has surpassed that in Warsaw, Bratislava and Zagreb, but still lags behind Vienna, Berlin, and Prague.
At the moment, Hungary remains one of the hottest housing markets in Europe.
Buy before it's too late
515 000 €
House in Budapest, Hungary
220 sq.m533
A cozy apartment house is for sale in the popular settlement of Yurem, located on the green hills of the green suburb of Budapest.
Built in 1988 on a quiet, remote from the noise of the road, the house was subsequently rebuilt several times.
As part of the last general renovation (in 2008), all the wiring was replaced with new ones, the...
WESTINVEST
235 000 €
Flat in Budapest, Hungary
68 sq.m321
In the center of Budapest (District 7), near Andrassy Avenue, in a stylish house with a concierge,
for sale a modern apartment with 2 bedrooms.
The apartment is located on the 4th floor of a fully renovated classic house with an elevator.
The living room and the large bedroom face the street, the windows of the second bedroom look at the...
WESTINVEST
343 900 €
Flat in Budapest, Hungary
101 sq.m432
In an elegant house with a concierge, located in the 13th district, in a popular place called "Marina Part", a luxury renovated apartment is for sale.
The apartment is located on the 4th floor in a modern building with a swimming pool, gym and saunas, where you can relax and unwind after a hard day's work. Spacious bright living room, 3...
WESTINVEST
418 000 €
Flat in Budapest, Hungary
82 sq.m
On the Buda side of the Danube, at the foot of the famous Rose Hill (2nd district), a furnished apartment with a renovated Luxury category is for sale.The apartment with two bedrooms, two bathrooms is located on the 2nd floor, in a house built in the "Bauhaus" style.As part of the overhaul, the interior of the apartment was built almost anew,...
WESTINVEST
152 500 €
Flat in Budapest, Hungary
43 sq.m
In a modern quarter under construction on the Buda bank of the Danube, in the 3rd district of Budapest (Old Buda), apartments of new construction are for sale. Pay only 20% when signing the contract, 80% of the amount is payable upon commissioning! Modern energy-saving technology of heating and cooling WITHOUT THE USE OF GAS: heat pumps, heating...
WESTINVEST
5 750 000 €
Villa in Budapest, Hungary
500 sq.m107
Luxury panoramic villa for sale on Guggerhead mountain.In the elite part of the 2nd district of Budapest, on the Guggerhead mountain, a luxury modern villa for 3-4 apartments is for sale, with an incomparable panorama of the city, with a panoramic roof terrace (250 m2), with a swimming pool and Jacuzzi, in a garden hidden from prying eyes.Villa...
WESTINVEST
2 450 000 €
Flat in Budapest, Hungary
205 sq.m644
In the Buda part, 1st district of Budapest, an apartment of 205 m2 with views of the Danube, Parliament and Pest embankment is offered for sale.The apartment is divided into two parts. The first apartment has a spacious living room and 3 bedrooms with bathrooms, and the second consists of a living room and a bedroom with a bathroom.The apartment...
WESTINVEST
1 100 000 €
House in Budapest, Hungary
340 sq.m87
In the second district of Budapest, in its part called Palveld, on a quiet street, a family house with an area of 340 sq.m. with a commercial space on the ground floor of 130 sq.m. is offered for sale. A well-groomed, intimate garden, hidden from prying eyes.The infrastructure of the area is excellent. Near the shopping center Rózsadom Center,...
WESTINVEST
325 000 €
Flat in Budapest, Hungary
91 sq.m43
In the central part of the 6th district, not far from the luxurious Opera house, Hungarian Broadway, fashionable Andrassy Avenue, a new, recently commissioned apartment from the developer, with 3 bedrooms, is for sale.
Bright, sunny, quiet apartment is located on the top, 5th floor in a new superstructure, in a house with major repairs....
WESTINVEST
2 400 000 €
Villa in Budapest, Hungary
980 sq.m128
In the most popular, central part of the 2nd district, on the Hill of Roses, a villa with a super panorama of the Danube is for sale.The villa for two owners is distinguished by a restrained elegant style, built by a famous Hungarian architect on a large cozy, beautiful, well-groomed plot.In the ornamental garden with evergreens, an automatic...
WESTINVEST
2 100 000 €
Villa in Budapest, Hungary
1000 sq.m1412
In the 3rd Buda district of Budapest, on the banks of the Danube, a villa (1000 m2) with an indoor pool is for sale.
Elegant villa of 1000 m2, was built on the Roman coast in 1996, in a quiet, hidden from prying eyes large garden (3800 m2) with century-old trees.
Ground floor: living room with fireplace, dining room and kitchen with a...
WESTINVEST
325 000 €
Flat in Budapest, Hungary
91 sq.m43
In the center of Budapest, ready-built apartments are for sale. In the central part of the 6th district, not far from the luxurious Opera house, Hungarian Broadway, fashionable Andrassy Avenue, a new, recently commissioned apartment from the developer, with 3 bedrooms, is for sale. Bright, sunny, quiet apartment is located on the top, 5th floor...
WESTINVEST
2 000 000 €
Villa in Budapest, Hungary
600 sq.m
On a large plot (1800 m2) with century-old trees, located in Adi Liget, in one of the most popular parts of the 2A district, just 20 minutes from the Sell Kalman square, a renovated villa with an area of 600 m2 is for sale.The classic villa, built in the early 20th century, was completely renovated in neo-Baroque style in 2010 using luxury...
WESTINVEST
184 500 €
Flat in Budapest, Hungary
47 sq.m211
A newly built one-bedroom apartment from the developer is for sale. In one of the most dynamically developing parts of Budapest's 8th district, a few minutes' walk from the popular Korvin Alley, a newly built one-bedroom apartment from Hungary's largest developer is for sale. The newly built house uses modern renewable energy technology, with a...
WESTINVEST
133 700 €
Flat in Budapest, Hungary
27 sq.m11
A newly built studio apartment with a kindergarten from the developer is for sale. In one of the most dynamically developing parts of Budapest's 8th district, a few minutes' walk from the popular Korvin Alley, a newly built one-bedroom apartment from Hungary's largest developer is for sale. The newly built house uses modern renewable energy...
WESTINVEST
200 000 €
Flat in Budapest, Hungary
66 sq.m32
In the 6th district of Budapest, in its diplomatic part, a stone's throw from Andrassy Avenue and the subway station on the avenue, next to Heroes Square and the Central City Park, an apartment is offered for sale in a neat old-fashioned house after major repairs made in 2018. The owner has been living in it only for the last 3 years. The...
WESTINVEST
690 000 €
Flat in Budapest, Hungary
175 sq.m6
For sale is a smart luxury apartment near the banking district in Budapest, with an excellent view of the city.
We are particularly pleased to be able to offer you a unique investment opportunity for sale in a beautiful contemporary home in a prime location.
During the careful renovation of the apartment on the 2nd floor, attention was paid...
Immotrading GmbH
440 000 €
Flat in Budapest, Hungary
145 sq.m4
We are particularly pleased to be able to offer you a classic 4-room condominium for sale in the popular 11th district of Budapest.
The location is excellent - the Technical University, the Gellért Thermal Baths, the Gellért Hill with the oldest rock church in Hungary and the Danube are within walking distance.
Bus and tram stops are also...
Immotrading GmbH
285 000 €
House in Budapest, Hungary
200 sq.m4
We are particularly pleased to be able to offer you a newly built semi-detached house (completion end of 2023) for sale.
The staggered houses have their own street frontage and are in a quiet location towards Budapest International Airport.
These two single-family houses next to each other were built on a 750 m² plot.
They are built in...
Immotrading GmbH
805 000 €
Apartment in Budapest, Hungary
101 sq.m322
ResidenceOnline ViewingRemote Transaction
5th district, historical center, not far from University Square, apartment after major designer renovation 101 m2, 2 bedrooms, 2 bathrooms, open kitchen with living room and large balcony. High quality materials were used in the renovation and finishing: onyx, porcelain tiles, mosaic, Bosch and Bora kitchen appliances, wine refrigerator,...
The researchers also studied how house prices have changed relative to net income. This ratio for Hungary is 1.7. This means that although wages have increased by 32% in eight years, the price per square meter has increased by 124%. A higher ratio (1.78) was recorded only in Germany.
If we estimate what percentage of annual income a person can buy a square meter of new housing, the situation in Hungary does not seem favorable: the ratio of 35% in Budapest and Vienna is second only to Prague (58%). Nevertheless, Hungarians are less concerned about this fact than people in many other countries, since 92% of the country's population own their own home. And in most cases, the purchase of a new home is accompanied by the sale of the old one. But for young people starting a family and looking for their first home, the real estate market in the capital definitely seems overrated, KPMG concludes.
Although price growth in Budapest slowed down at the end of 2019 due to the pandemic and the temporary restoration of VAT on new housing from 5% to 27%, market participants expect a further increase in 2021 due to the return of tax benefits and the strengthening of the economy.
According to experts' forecasts, investments in Hungarian real estate will reach pre-crisis levels in 2022.
