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Cheaper Real Estate Drying Up in Hungary

• 22 Apr 2022 2:03 PM
• Budapest Business Journal

Some 16% of residential properties offered for sale nationwide were under HUF 25 million in mid-April this year, compared to 26% last year, according to profitline.hu.

This also means their number has fallen from 32,000 last April to just over 16,000.

The share of residential properties cheaper than HUF 25 mln in the capital was less than 3%, while it was above 9% last year.

The decrease in the supply of more affordable real estate is jointly responsible for the rise in the price of housing and the domino effect in the housing market.

Within the national market, the average price of residential real estate for sale in Tolna, Nógrád, Jász-Nagykun-Szolnok, Borsod-Abaúj-Zemplén and Békés counties remained below the HUF 25 mln level.

The counties in question were characterized by an average price of HUF 16 mln-23 mln.

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Budapest Business Journal

Hungary's largest and oldest source of business and financial news in English. Since 1992 it has presented essential information on Hungarian business life, including international analyses about the country. These days the BBJ newspaper is published every other week, while it releases daily business news online including premium paid content.

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