• Home
• Channel: Property
• Cheaper Real Estate Drying Up in Hungary

Cheaper Real Estate Drying Up in Hungary

• 22 Apr 2022 2:03 PM
• Budapest Business Journal

Some 16% of residential properties offered for sale nationwide were under HUF 25 million in mid-April this year, compared to 26% last year, according to profitline.hu.

This also means their number has fallen from 32,000 last April to just over 16,000.

The share of residential properties cheaper than HUF 25 mln in the capital was less than 3%, while it was above 9% last year.

The decrease in the supply of more affordable real estate is jointly responsible for the rise in the price of housing and the domino effect in the housing market.

Within the national market, the average price of residential real estate for sale in Tolna, Nógrád, Jász-Nagykun-Szolnok, Borsod-Abaúj-Zemplén and Békés counties remained below the HUF 25 mln level.

The counties in question were characterized by an average price of HUF 16 mln-23 mln.

• 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

Home Prices Rise 10% in Hungary this October

• 15 Nov 2024 12:20 PM

Home prices in Hungary rose 10pc year-on-year in October, listings site ingatlan.com said.



Earnings Rise Significantly for Graphisoft Park in Budapest - Real Estate Portfolio Stands at 229 Million Euro

• 13 Nov 2024 5:32 AM

After-tax profit of Graphisoft Park, which owns and operates a business park in the north of Budapest, rose 11pc year-on-year to EUR 6,180,000 in Q1-Q3, an earnings report released after the closing bell shows.



Home Sales in Hungary Climb 37% in October

• 5 Nov 2024 3:49 PM

Home sales in Hungary climbed 37pc year-on-year to 10,738 in October, a monthly estimate by listed real estate broker Duna House shows.



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.