• Home
• Channel: Property
• Unprecedented 66% Increase In Property Prices in Hűvösvölgy

Unprecedented 66% Increase In Property Prices in Hűvösvölgy

• 3 Sep 2018 12:17 PM
• Hungary Today

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?
• I love it
• I like it
• I dislike it

• Property Prices Budapest

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

Updated: Public Consultation Launched on Draft Short-Term Rentals Regulation in Hungary

• 23 Oct 2024 1:59 PM

The National Economy Ministry announced the launch of a public consultation on draft legislation on short-term rentals.



Is "Park City" Better for Budapest Than "Mini Dubai"?

• 17 Oct 2024 5:40 AM

If the government is serious about supporting housing projects in Budapest, it should support the construction of "Park City", a project including affordable housing in the city's 14th district, rather than earmarking the area for the "mini Dubai" office and apartment complex, which will drive prices up further and deepen the housing crisis, Mayor Gergely Karacsony said on Wednesday.



Home Sales Could Reach 130000 in Hungary This Year

• 16 Oct 2024 5:45 AM

Home sales in Hungary could reach 130,000 this year, climbing from around 100,000 in 2023, David Valko, the chief analyst for OTP Ingatlanpont, the real estate broker of OTP Bank said.



Home Sales Climb 21% in Hungary this September

• 2 Oct 2024 5:17 AM

Home sales in Hungary climbed 21pc year-on-year to 9,754 in September, a monthly estimate by listed real estate broker Duna House shows.