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).
*********************************
You're very welcome to comment, discuss and enjoy more stories via our Facebook page:
Facebook.com/XpatLoopNews + via XpatLoop’s groups: Budapest Expats / Expats Hungary
You can subscribe to our newsletter here: XpatLoop.com/Newsletters
Do you want your business to reach tens of thousands of potential high-value expat customers? Then just contact us here!
XpatLoop Media Partner
LATEST NEWS IN property