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
434 900 €
Flat in Budapest, Hungary
107 sq.m322
In the prestigious 2nd district of Budapest, near the Margit Bridge, a furnished apartment with Luxury renovation is for sale. Nearby is the Danube, Margit Island, with a recreation park surrounded by flowers and greenery, an Aqua park, a thermal bath, with running and cycling paths laid along the perimeter of the entire island. The two-bedroom...
WESTINVEST
439 000 €
Flat in Budapest, Hungary
101 sq.m542
Luxury apartment for sale, in a beautiful renovated classic building, located in one of the most popular places in Budapest, on Liszt Ferenc Square (5th district), next to Andrássy Avenue. Sunlit apartment, 4 bedrooms with separate entrances, windows overlooking a green park.
The heart of the city, Opera, Bazilika is a 5-minute walk...
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
194 500 €
Flat in Budapest, Hungary
39 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
2 550 000 €
Villa in Budapest, Hungary
400 sq.m7
With a big discount! In the second, elite district of Budapest, the complete reconstruction of the villa in the minimal style is coming to an end The complete reconstruction of the building took place in the period from 2019 to the end of 2022Real Estate Parameters:- 400 sq.m. house area- terrace of 240 sq.m.- 7 living rooms- 4 dressing rooms- 3...
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
480 000 €
Flat in Budapest, Hungary
74 sq.m312
In the 5th district of Budapest, in the historical center on Falk Miksha Street, a stone's throw from the Hungarian Parliament, in an imposing house of ancient construction, an apartment is offered for sale after major repairs.Area: 74 sq.m.Number of rooms: 3Entrance hall, kitchen + living room with dining area, bedroom with private bathroom and...
WESTINVEST
685 000 €
Flat in Budapest, Hungary
114 sq.m3
Luxury apartment for sale in a historic villa near Heroes Square. A luxury apartment is for sale in a historic villa located in the classic diplomatic quarter, next to Heroes' Square. Thanks to the prestigious tenants, the marble-lined staircase, the entire villa has been renovated inside and out. The renovation of the apartment was completed in...
WESTINVEST
2 740 000 €
Villa in Budapest, Hungary
1000 sq.m108
In the elite 2nd district of Budapest, a luxury villa for sale, with a panorama of the surrounding green mountains.Built in 1996 in the Baroque style, the villa with a spacious living room, with many rooms, a garage for 6 cars, is located in a cozy landscaped garden (2050 m2) with century-old trees.- total built-up area of 1000 m2 on 4 levels,-...
WESTINVEST
191 000 €
Flat in Budapest, Hungary
38 sq.m
In the 8th district of Budapest, in one of the most dynamically developing areas, within walking distance of the Corvin Sztány shopping center and the Corvin Alley, the winner of the international grand prize, we offer from the developer, at the construction stage, modern apartments in a youth apartment building. Excellent infrastructure and...
WESTINVEST
850 000 €
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.
194 600 €
Flat in Budapest, Hungary
48 sq.m211
A newly built one-bedroom apartment with a garden 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
1 950 000 €
Villa in Budapest, Hungary
302 sq.m8
The property itself is located in a cul-de-sac in the middle of a well-kept neighborhood and in the immediate green and recreational area.
Traffic/Infrastructure:
Excellent connection to the M7 towards Balaton and directly to the center of Budapest in just 20 minutes by car, distance to Vienna city center 2.5 hours via M7 and A.
All...
Immotrading GmbH
195 895 €
Flat in Budapest, Hungary
83 sq.m2
Excellent layout, high-quality renovation: apartment for sale in the city center, not far from Blaha Lujza tér!
If proximity to the city center is important to you and you are looking for a newly renovated home or a high-quality office for your company, then you have come to the right place!
The 83 square meter apartment is on the 1st floor...
Immotrading GmbH
395 000 €
Flat in Budapest, Hungary
109 sq.m4
A beautiful apartment is for sale in the 5th district of Budapest, opposite the National Museum.
The building from 1955 has an elevator.
The apartment with an area of 109 sqm consists of a living room (48 sqm), 3 bedrooms, separate kitchen and 2 balconies. Other rooms are a hallway, bathrooms and cloakrooms. The room layout can be freely...
Immotrading GmbH
587 000 €
Penthouse in Budapest, Hungary
130 sq.m4
We are really pleased offering you a luxury penthouse for sale in an elegant and quiet residential area in Budapest.
Location/Traffic/Infrastructure:
District II of Budapest is one of the poshest districts in the city, not far from the center, the adjacent forests and green areas ensure a high quality of life.
The second district is very well...
Immotrading GmbH
257 500 €
Flat in Budapest, Hungary
60 sq.m
In the 3rd district of Budapest, on the border in a protected area, surrounded by modern houses built over the past 10 years, 3 apartments of different sizes in a minimal style house are offered for sale from the developer. Completion of construction is the third quarter of 2024. 1. Apartment Floor: ground floor Area: 105 sq.m. Terrace area: 20...
5th district, historical center, on a quiet street Városház not far from the Budapest City Hall, in a historic building with an elevator on the 2nd floor, which corresponds to the 3rd, since the height of the first floor is 7 m, the apartment is for sale after a complete major design renovation, almost newly built . The apartment...
Perfect Invest Hungary Ltd.
949 000 €
Flat in Budapest, Hungary
124 sq.m322
Budai Várra néző panorámával - Exkluzív apartman Budapesten a Margit utcában, a Rózsadomb lábánál.
Ez egy új építésű lakás, amely közvetlenül a berendezés előtt található, de igény esetén...
Mecset utca 10. kft
538 000 €
Apartment in Budapest, Hungary
89 sq.m322
ResidenceOnline ViewingRemote Transaction
5th district, near the pedestrian street. Vaci and the Danube embankment, st. Nyáry Pál, in a historical building with an elevator on the 5th floor, an apartment after a complete overhaul of 89 m2, 2 bedrooms, 2 bathrooms, open living room with kitchen, balcony 2 m2, air conditioning, alarm system, bio-fireplace, infra-sauna. High...
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.
