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Budapest Sees Highest Rise in New Flat Prices Among EU Capitals

• 30 Aug 2024 5:21 PM
• Budapest Business Journal

Budapest experienced the most significant rise in new flat prices among EU capitals last year, with an increase of 11.2% in Hungarian forints, according to a survey from Deloitte.

Deloitte’s survey covers 24 European countries and 59 cities.

According to its results, new flat price increases in Warsaw (9.7%) and Oslo (7.2%) followed behind the Hungarian capital. No other European capitals saw price increases above 5% in the past year.

When considering prices in euros, Budapest also saw the highest rise, Deloitte revealed.

However, despite the recent increase in prices, Budapest remains relatively affordable compared to the region, with an average price of EUR 3,260/sqm.

New apartments are more expensive in Prague (EUR 5,153/sqm) and Bratislava (EUR 3,884/sqm).

On the other hand, among the Visegrád 4 capitals Warsaw has lower prices (EUR 3,022/sqm).

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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.

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