Budapest Posts Fastest Residential Property Price Growth In Europe

  • 8 Jan 2019 9:22 AM
  • Budapest Business Journal
Budapest Posts Fastest Residential Property Price Growth In Europe
Budapest shows the highest 12-month residential property price growth in Europe, while ranking behind only Xiʼan (China) and Ahmedabad (India) among 150 cities on the world stage, according to property services company Knight Frankʼs report entitled "Global Residential Cities Index - Q3 2018."

The Hungarian capital registered residential price growth of 19% from Q3 2017 to Q3 2018, the report says. The top ten features only three other European cities: Porto (Portugal), with a growth of 16.6%, Rotterdam (Netherlands) with 15.7%, and Amsterdam (Netherlands) with 13.1%.

The report also shows that Europe as a whole posted annual residential property price growth of 4.2%, down from 5% in Q3 2017, while the Asia-Pacific region topped the list with growth of 6.2%, up nearly 3 percentage points from last year. 

The entire list of cities can be viewed here. The index uses official government statistics or central bank data to track residential prices in 150 cities worldwide.

  • How does this content make you feel?

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

  • 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.

  • Residential Property Market To Increase 3-7% In Hungary

    Residential Property Market To Increase 3-7% In Hungary

    • 17 Dec 2019 8:37 AM

    Real estate holdings group Duna House expects a drop in turnover but a 3-7% overall increase in the residential property market next year, with a sales forecast of 130,000-150,000 in 2020, says gazdasagportal.hu.

  • Growth In Home Prices Slows Down In Hungary

    Growth In Home Prices Slows Down In Hungary

    • 12 Dec 2019 9:48 AM

    The average price of prefabricated concrete building homes in Budapest went up by 5% over the last six months, a slowdown from the 10% rise in the first half of the year, according to estimates by property agency Ingatlan.com.