Resort Real Estate Price Rises Slow Down In Hungary

  • 14 Jul 2020 10:57 AM
  • Budapest Business Journal
Resort Real Estate Price Rises Slow Down In Hungary
The rise in the price of residential and holiday real estate in priority resort areas slowed down in the past year, writes uzletem.hu.

Unlike in previous years, the analysts of the Savings Index examined the prices of residential real estate and holiday homes in holiday districts together this year.

According to the study, the capital is still the most expensive of the resort areas, with an average price of more than HUF 600,000 per sqm last year.

Next is Lake Balaton and its surroundings with an average price of more than HUF 400,000 per sqm, followed by the Danube Bend and the Sopron-Kőszeghegyalja area.

Despite a significant rise in prices, Lake Tisza was still the cheapest; real estate could be obtained here at an average price of about HUF 100,000 per sqm, the business website notes.

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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.