• Home
• Channel: Property
• Resale Home Market Slowing In Budapest

Resale Home Market Slowing In Budapest

• 28 May 2018 9:33 AM
• Budapest Business Journal

The real estate market outside Budapest continues to grow. This year homes put up for sale increased by 5% in major cities, while in Budapest owners are advertising 8% fewer. This indicates that potential buyers prefer new homes, index.hu portal says.

Buyers in Budapest are increasingly oriented towards purchasing new homes, which has caused the resale homes market to stall, index.hu reported, citing real estate site ingatlan.com. 

The fastest sellers in this category are apartments in prefabricated housing blocks (dubbed "panel houses" in Hungarian), which sell on average in 48 days. Houses are also a popular target for potential buyers; they sell on average in 146 days in Budapest.

While the number of homes posted for sale has decreased, the overall offer has not changed, which means that there are many homes "stuck", hard to sell on the market, László Balogh, an expert at ingatlan.com said. Those that sell are mainly homes posted recently.

The situation is different in urban areas outside Budapest: compared to last year, resale homes sell ten days quicker, on average in 81 days. Balogh noted that despite a slower sale, the demand is still high for private real estate and recommends sellers "fine tune" the price or advertise their homes in a more appealing way.

• How does this content make you feel?
• I love it
• I like it
• I dislike it

• Resale Home Private Real Etate New Home

XpatLoop Media Partner

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.

Explore More Reports

228 Towns Introduce New Barriers for Incoming Residents in Hungary

• 3 Mar 2026 4:29 PM

In just two months, the number of local authorities restricting new residents has doubled. According to the latest figures, 228 municipalities across Hungary have introduced regulations aimed at limiting who can move into their communities.



Panel Houses in Budapest May Soon Hit Price Ceiling

• 2 Mar 2026 6:53 AM

An analysis from real estate analysis site Ingatlan.com suggests that Budapest's communist-era prefabricated concrete panel‑housing market may soon hit a price ceiling as the Home Start program brings thousands of new, energy‑efficient apartments to market at under HUF 1.5 million/sqm.



New Home Builds in Hungary at Nine-Year Low - But Permit Issues Up

• 23 Feb 2026 7:08 AM

New home builds slipped, but permits issued for residential construction climbed in 2025, data released by the Central Statistics Office (KSH) on Friday show.



The Heart of the Home: Kitchen Show, 27 Feb - 1 March

• 18 Feb 2026 5:21 PM

The role of the kitchen has undergone a dramatic shift in recent years. No longer just a functional space for meal prep, it has become the emotional center of the home—a place where high-end design, smart technology, and daily life blend seamlessly. This modern philosophy takes center stage at the 16th Kitchen Show, held from February 27 to March 1 at the Budapest Arena.