Unprecedented 66% Increase In Property Prices in Hűvösvölgy

  • 3 Sep 2018 12:17 PM
  • Hungary Today
Unprecedented 66% Increase In Property Prices in Hűvösvölgy
Real estate prices continued to go up over the past twelve months in Budapest, where the biggest increase was reported in the residential area of Hűvösvölgy on the Buda side, business daily Világgazdaság said.

Property prices per square metre exceeded 600,000 forints (EUR 1,857) on average in mid-August, up 20% on the same month in 2017, the paper said, citing a recent survey by the portal Ingatlan.com.

Property prices in leafy Hűvösvölgy have however seen an unprecedented 66% rise, bringing the per square metre price on the market to over 1.1 million forints, the paper added.

Demand in Hűvösvölgy’s affluent 2nd district and the adjoining 12th district are pushed up by relatively low supply.

Prices have also gone up at an unprecedented rate in the category of pre-fab homes in the outskirts of the city, with the highest, 43% growth recorded in Pesterzsébet. Here, the price/sqm went up to 405,000 forints during the surveyed period.

  • How does this content make you feel?

XpatLoop Media Partner

Hungary Today

Online since 2014, this source states its aim as "to provide a complete, unbiased picture of Hungary”. It continues by acknowledging this “does not necessarily mean that our writers do not have their own opinions, sometimes reflected to a degree in the articles they publish”, and it's really worth readers keeping that in mind. Another stated aim is to become ‘the leading English-language news portal of Hungary’, a position held for 20 years by good old independent XpatLoop! Still our team has no issue with positively highlighting one or two useful articles published by Hungary Today here with permission for your interest.

Explore More Reports

  • Property Rental Prices Fall By 10% In Hungary

    Property Rental Prices Fall By 10% In Hungary

    • 28 Jul 2020 7:46 AM

    Real estate rental fees are falling nationwide, with prices down by an average 10%, at around 150,000 forints (EUR 433) in Budapest and 100,000-110,000 in university cities, an expert of real estate site ingatlan.com said.

  • Real Estate Discounts Getting Bigger In Hungary

    Real Estate Discounts Getting Bigger In Hungary

    • 24 Feb 2020 10:12 AM

    According to the latest sales data of OTP Real Estate, between November 2019 and the end of January 2020, buyers could receive an average discount one-third higher than a year earlier as a result of last-minute negotiations, writes penzcentrum.hu.