Hungarian developer Cordia plans to add over 1,000 apartments this year, in Budapest, with three-quarters of this supply hitting the market in the first quarter alone. This expansion will increase the availability of new homes in the city by 20% compared to the end-of-year stock.
Nearly one-third of the new units will be part of the Marina City development, a 14-hectare, car-free riverside area along the Danube.
In addition, Cordia is advancing the development of Sasad Resort, one of Buda’s top residential parks, and the long-awaited fifth phase of Thermal Zugló in District 14. The company is also offering energy-efficient, value-retaining homes in the Millennium Quarter of District 9, with the second phase of the Woodland project now underway.
The deliveries come on the back of growing demand in the residential sector. Some 7,300 newly-built apartments were sold in Budapest last year, approaching the dynamic levels of 2016–2018.
Last year, price increases exceeded the 5% threshold: in Buda, the average gross price per sqm (excluding luxury projects) rose by 13% to HUF 1.93 million ( around €4,700), while in Pest, it increased by 9% to HUF 1.58 million (around €3,870).
