• Home
• Channel: Property
• Availability Of Flats Under HUF 30 Million Increases In Hungary

Availability Of Flats Under HUF 30 Million Increases In Hungary

• 18 May 2020 9:03 AM
• Budapest Business Journal

Interest in flats cheaper than HUF 30 million has increased across the country, according to the latest analysis of Hungarian real estate website Ingatlan.com.

The website examined the changes in the distribution and demand of apartments and houses in different price categories based on more than 400,000 advertisements, writes Forbes.hu.

According to László Balogh, the leading economic expert of Ingatlan.com, the supply price per square meter of apartments for sale has not changed significantly at the national level compared to the pre-epidemic level of February, indicating that sellers are not forced to move.

However, cheaper apartments under HUF 30 mln account for an increasing share of the supply in Budapest. Based on its analysis, the share of flats under HUF 30 mln in the total supply in Budapest was 18% last May, 23% in February this year, and almost 24% in May; that is, this type of housing accounts for almost a quarter of the total supply at the capital level.

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

• Real Estate

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

25,000 New Apartments Being Built in Budapest

• 19 Apr 2024 9:03 AM

About 25,000 new apartments are being built in Budapest, according to a March housing market survey from Otthon Centrum.



Rent in Budapest Skyrocketing - Where's Most Expensive and Cheapest?

• 17 Apr 2024 5:45 AM

According to the Central Statistical Office (KSH) and the ingatlan.com rent index, rent prices were 11.7 percent higher in the country and 12.4 percent higher in the capital in March compared to a year earlier.



'Exploiting Hidden Reserves': New Budapest City Agency Launched to Ease Housing Shortage

• 21 Mar 2024 5:05 AM

Budapest Mayor Gergely Karácsony announced the establishment of a city agency to match renters with home owners at a press conference.



Housing Market in Hungary Shows Robust Growth

• 13 Mar 2024 5:43 AM

Home sales were up 72% year-on-year to 10,754 in February, the highest figure in 20 months, real estate broker Duna House estimates.