The Cost of Apartments in Budapest Has Grown Significantly
February 08, 2022
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In January 2022, sellers asked for more than one million Hungarian forints (€2,800) per square meter, which became a historical record.
What happened? As reported by the Hungarian Forbes, the average price per square meter of an apartment in Budapest for the first time exceeded the mark of one million Hungarian forints (€2,800) in January 2022. That is 17% more than a year earlier and is a historical record.
The selection, based on more than 15,000 ads, describes the situation of the new housing market and prices in the capital and county centers of Hungary.
Construction. Due to rising prices, construction activity is expected to rise. In just 11 months of 2021, more than 27,000 housing permits were issued, which is 20% more than in the whole of 2020. The increase is mainly due to the re-introduction of a reduced VAT rate on housing construction in 2021.
The districts of Budapest. According to Ingatlan.com, only 11 districts of Budapest have an average price per square meter lower than €2,800. In addition, compared to 2021, new buildings have risen in price in all districts of the capital without exception. The three most expensive districts are I, II, and XII, where the average price ranges from €5,000 to €5,400 per sq.m. The most affordable districts are XIX, XX, and XXI, where the price per square meter is about €1,700-2,200. The largest supply is observed in the III, XI, and XIII districts, but even here the price increase is significant - from 20% to 32%.
The regional capitals. Among the county capitals, the most expensive was Debrecen with an average price per sq.m of €2,230. It is followed by Veszprem and Szeged with an average cost of €2,200 and €2,100, respectively. Kaposhvar and Bekeschaba had average prices of €1,250 and €1,500 respectively, which is less compared to last year. Nyiredhaza is also among the cheapest cities, although the price of €1,400 per sq.m represents an increase of more than 20% year on year.
Real estate for sale in Budapest:
438 500 €
Flat in Budapest, Hungary
100 sq.m321
In the 5th district of Budapest, in its historical center, within walking distance to the Danube embankment and the Parliament, in an imposing house of classical construction, 2 apartments are offered for sale, located nearby, and, if desired, combined into one. The apartments have an independent cadastral number.
The apartments have been...
WESTINVEST
754 000 €
Flat in Budapest, Hungary
170 sq.m432
In the 5th district of Budapest, in its historical center, within walking distance to the Danube embankment and the Parliament, in an imposing house of classical construction, 2 apartments are offered for sale, located nearby, and, if desired, combined into one. The apartments have an independent cadastral number.
The apartments have been...
WESTINVEST
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
770 000 €
Flat in Budapest, Hungary
155 sq.m543
In the prestigious 2nd Buda district of Budapest, near the Margit Bridge, a furnished apartment with Luxury renovation is for sale.Panorama of the Danube, on the Fishing Bastion, next to the island of Margit, with a recreation park surrounded by flowers and greenery, with an Aqua park, a thermal bath, with running and cycling paths laid along...
WESTINVEST
317 230 €
Flat in Budapest, Hungary
73 sq.m321
In the 13th district of Budapest, on the southern shore of the Foka Bay on the Danube, a few minutes' walk from the Dagai thermal bath, near the Arpad Bridge, the introductory part of the M3 motorway, next to the popular Marina-part business class complex, apartments from the developer are offered for sale in an exclusive complex. The location...
WESTINVEST
215 000 €
Flat in Budapest, Hungary
44 sq.m2
For sale a ready-made apartment from the developer with a panorama of the Danube.
On the banks of the Danube, in the exclusive residential complex "Marina", built in the 13th district, a new modern apartment from the developer is for sale with a panorama of the Danube, the Buda Mountains bathing in greenery.
Crystal clear air, a...
WESTINVEST
1 500 000 €
Villa in Budapest, Hungary
530 sq.m65
In the popular part of the 22nd district of Budapest, called in Rozhavel, an elegant villa is for sale, located on a beautiful plot of 3300 m2.
Proximity to nature, a well-kept garden hidden from prying eyes, with beautiful ornamental plants, an indoor swimming pool, a cozy wine bar, a gazebo provide a sense of comfort.
Three-storey building...
WESTINVEST
3 500 000 €
Villa in Budapest, Hungary
450 sq.m87
In the central part of the 2nd district of Budapest, called Palveld, a luxury villa with a beautiful panorama is for sale!Spacious family villa, centrally located, with premium finishes, next to the English school - The British International School Budapest. On the territory:- 1100 m2 corner plot with a well-maintained, completely secluded...
WESTINVEST
730 000 €
Apartment in Budapest, Hungary
175 sq.m432
ResidenceOnline ViewingRemote Transaction
Budapest, 5th district, historical center in a historic building with an elevator on the 3rd floor, a luxury apartment after a major overhaul, almost newly built and left according to design developments. 175 m2, 3 bedrooms, 2 bathrooms, cinema room, office, dining room, large entrance hall. The windows face the avenue. The apartment has a...
Perfect Invest Hungary Ltd.
119 000 €
Flat in Budapest, Hungary
35 sq.m
APARTMENTS FROM THE DEVELOPER DELIVERY OF THE HOUSE IN THE 3RD QUARTER OF 2024 In one of the most dynamically developing areas of Pest, a 15-minute walk from the completely renovated Corvin Sétány, offering numerous opportunities for shopping, entertainment and recreation, apartments from the developer are offered for sale. Clean,...
WESTINVEST
2 600 000 €
Villa in Budapest, Hungary
430 sq.m654
A newly built villa is for sale in the elite green 12th district of Budapest. In the 12th district of Budapest, in a picturesque environment, next to a protected area, a luxury villa from a developer is for sale. Luxury and elegance in a picturesque green area, modern, energy-saving technology, harmony is present in everything.Living area 430...
WESTINVEST
2 400 000 €
Villa in Budapest, Hungary
385 sq.m654
Luxury and elegance in a picturesque green area, modern technology, harmony is present in everything In the 12th district of Budapest, in a picturesque environment, next to a protected area, a luxury villa is for sale.Living area 385 m2Rooms 65 bedroomsBathrooms 4Plot: 1500 m2Garage for 2 carsParking on the plot for 3 carsYear of construction...
WESTINVEST
175 000 €
Flat in Budapest, Hungary
47 sq.m211
In the center of Budapest, apartments are for sale in a new house with Wellness, with a swimming pool, sauna, Jacuzzi. A unique Wellness Homes project - offers modern apartments in a building with a concierge, with its own recreation area. Wellness center with swimming pool, sauna, Jacuzzi, cozy sun terrace on the roof of the house will provide...
WESTINVEST
995 000 €
Flat in Budapest, Hungary
159 sq.m32
In the historical center of Budapest, in the 5th district, on Vereshmarti Square, at the foot of the Chain Bridge, near the Sofitel, InterContinental and Four Season hotels, in the classic 87-apartment palace, luxury apartments are offered for sale, mainly designed not for their own living, but for investment with the purpose of renting. Tenants...
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
775 000 €
Apartment in Budapest, Hungary
113 sq.m322
Online ViewingRemote Transaction
5th district, near the Parliament and the Danube embankment (2 minutes walk), in a beautiful renovated house, and the internal renovation has just been done, apartment on the 4th floor of 113 m2 with a balcony of 3 m2. The windows offer a panoramic view of the Danube. The apartment is designed using high quality materials and is fully furnished...
Perfect Invest Hungary Ltd.
15 000 000 €
House in Budapest, Hungary
2520 sq.m
This 6 storey (+ loft ) office building for sale was built between 1909-1912 with a basement in eclectic style (heavily influenced by turn of the century architectural trends).
The residential and office building was renovated in the 1980s, with the attic being converted and the lift system being renewed. The converted attic fits well with the...
Immotrading GmbH
787 000 €
House in Budapest, Hungary
170 sq.m433
In the prestigious 2nd district of Budapest, in its part called Hyvesvold, a newly built two-storey family house is offered for sale. The house is in a minimal style, with a swimming pool, well-used separate rooms and large sunny terraces, on a large plot, at the end of which the Paprikash stream murmurs. The terraces overlook the 8x4 meter pool...
WESTINVEST
657 000 €
Penthouse in Budapest, Hungary
129 sq.m42
Penthouse with panoramic views in the heart of Budapest, just a 2-minute walk from the Danube. A rare opportunity in a classic building in the heart of the 13th district. On the ground floor there is a large and bright living room with a fully equipped open plan kitchen, three bedrooms, two bathrooms, a pantry and a balcony. On the second floor...
NF Group
930 000 €
Flat in Budapest, Hungary
110 sq.m322
In the 5th district of Budapest, in its historical center, a spacious panoramic apartment is offered for sale after major renovation. A classical building on University Square.
Excellent infrastructure of the area and transport links.
Area: 110 sq.m.
Balcony
Number of rooms: 3 (living room, 2 bedrooms)
Separate kitchen
Bathrooms: 2...
