• Home
• Channel: Property
• Housing Prices Soar to 22.8% Rise in Hungary

Housing Prices Soar to 22.8% Rise in Hungary

• 14 Oct 2022 7:26 AM
• Hungary Around the Clock

Housing prices were up 22.8% year-on-year in the second quarter, and rose by 5.2% from the previous quarter, the Central Statistics Office announced as it released its preliminary figures on Thursday.

The annual price increase is outstanding, as such high figures have not been recorded since 2007, Portfolio observes.

The rapid price increase is presumably driven by investors turning to the property market in order to escape the uncertainty in the economy caused by the war, Portfolio comments.

In addition, rising interest rates pushed early purchases, further boosting demand.

In previous years, the price increase between Budapest and the countryside was uneven, but now a general rise was observed.

The price of new homes has been rising significantly faster than that of used ones since 2020, but a convergence occurred this year.

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

• Housing Prices

XpatLoop Media Partner

Hungary Around the Clock

Since 1995 Hungary Around the Clock has proven to be one of the most comprehensive sources of daily English-language news about Hungary. It covers ongoing domestic politics and foreign relations, as well as business and economic matters. For a free trial of HATC visit www.hatc.hu and click on 'Free Trial Subscription’.

Explore More Reports

Recap of Key Housing Market Trends in Hungary

• 11 Dec 2025 7:07 AM

The number of home transactions in Hungary will have reached 160,000 by the end of the year, Ingatlan.com said in an annual recap.



Nearly 50,000 Rechannel Pension Savings in Hungary to Buy a House

• 14 Nov 2025 7:28 AM

According to new data released by Hungary’s Central Statistical Office (KSH), foreign citizens bought 6,600 apartments in Hungary last year, spending a total of HUF 309 billion (around EUR 624 million). This represented 6.4% of all residential property transactions.



Price of Newly Built Homes in Budapest Up 16% in Q3

• 14 Oct 2025 5:48 AM

The average prices of newly built homes in Budapest rose 15.5pc year-on-year to HUF 1.77m per sqm in the third quarter, listed real estate broker Duna House said on Monday citing data from Eltinga.



Home Sales Down Significantly in Hungary

• 4 Aug 2025 4:42 PM

Home sales in Hungary fell 17.7pc year-on-year to 9,492 in July, a monthly estimate by listed real estate broker Duna House shows.