News Article housing price Hungary report residential
by Property Forum | Residential

In the first quarter, second-hand home prices increased by 8.9%, and new ones by 6.6%. As for the second quarter, the figures were 6.3% and 3.3%, respectively, the Central Statistics Office reports. 

The number of home purchases by foreigners in Hungary has also increased but has not returned to pre-pandemic levels.

The average price of new apartments was HUF 47.8 million, 1.8 million more than in 2021. The average price per square meter is HUF 804,000, 85,000 more than in the corresponding period of 2021.

The sqm price of second-hand apartments increased from an average of HUF 339,000 in 2021 to HUF 380,000. A used apartment in Budapest cost an average of HUF 43.4 million, HUF 3 million more than in 2021. 

In regional cities, the average price of a second-hand flat increased from HUF 23.5 million to HUF 27.5 million, and the price per one sqm increased from HUF 369,000 to HUF 448,000. The most expensive secondary cities are Veszprém, Debrecen, Győr and Székesfehérvár.