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

  • Short-Term Home Rentals Fall in Budapest

    Short-Term Home Rentals Fall in Budapest

    • 20 Jul 2021 6:47 AM

    Short-term home rental prices, mostly used by students, dropped 10% in central Budapest and 14% in regional centres, from the first half of last year, property agent Otthon Centrum said. Rents rose 4% in other areas of Budapest and 10% in smaller cities.

  • Hungarian Households Expect Home Prices to Climb Further

    Hungarian Households Expect Home Prices to Climb Further

    • 6 Jul 2021 7:06 AM

    Expectations for the housing market have been steadily improving since the second quarter of last year, with respondents expecting prices of second-hand homes to rise in all regions in the near future, and a double-digit increase of 11% for new homes, according to a survey by economic research institute GKI and building materials maker Masterplast.

  • City Centre Housing Prices Drop In Budapest

    City Centre Housing Prices Drop In Budapest

    • 11 May 2021 11:26 AM

    The average price of flats in central Budapest was Ft 762,000 per square metre in the first four months, down by 5% year-on-year, property agency Otthon Centrum reports.