Housing Market Sees Increased Demand in Hungary Amid Shrinking Supply
- 10 Feb 2025 5:25 AM
The housing market experienced an 8% year-on-year rise in demand in January, while the supply fell by over 10%, leaving around 130,000 homes available for sale, according to profitline.hu.
Budapest’s central districts (VI, VII, VIII, and IX) saw a 36% surge in interest, driven by investors, while outer districts (X, XIX, XX, and XXIII) noted a 23% increase, likely due to more affordable prices.
The renewed investor activity, partly from those shifting funds from government securities back into real estate, led to a more than 80% year-over-year increase in demand for new constructions in January.
Despite a slight 1% uptick in new property listings, the total number of properties for sale at the end of January was 128,000, marking a 12% decline from the previous year.
Analysts anticipate that investment-driven purchases will keep the market active in the first half of the year, with projections of 140,000 to 145,000 transacti ons in 2025, potentially exceeding last year’s figures by 10% and surpassing 2023’s by 30-35%.
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