• Home
• Channel: Property
• Housing Market Expands In 2017

Housing Market Expands In 2017

• 28 Jul 2018 6:44 AM
• Hungary Around the Clock

New home prices in Hungary climbed 12.2% year-on-year in the first quarter and were up 4% from the previous quarter, according to a market survey by the Central Statistics Office.

Resale home prices grew at a faster rate on an annual basis, up 12.4%, with a 3.6% quarter-on-quarter increase.

The number of homes sold last year grew 5.1% to 154,000, boosting the total value of these transactions to Ft 2.2 trillion, for 16% annual growth.

The average price of used homes was Ft 24.4 million in Budapest, a 3.2% annual rise. The same for homes in county seats rose by 13% to Ft 13 million.

The price gap between Budapest and the countryside continued to widen. The average price per square metre for resold homes was Ft 463,000 in Budapest, Ft 141,000 in small towns and Ft 70,000 in villages.

• How does this content make you feel?
• I love it
• I like it
• I dislike it

• Housing Market

XpatLoop Media Partner

Hungary Around the Clock

Since 1995 Hungary Around the Clock has proven to be one of the most comprehensive sources of daily English-language news about Hungary. It covers ongoing domestic politics and foreign relations, as well as business and economic matters. For a free trial of HATC visit www.hatc.hu and click on 'Free Trial Subscription’.

Explore More Reports

Rent in Budapest Skyrocketing - Where's Most Expensive and Cheapest?

• 17 Apr 2024 5:45 AM

According to the Central Statistical Office (KSH) and the ingatlan.com rent index, rent prices were 11.7 percent higher in the country and 12.4 percent higher in the capital in March compared to a year earlier.



'Exploiting Hidden Reserves': New Budapest City Agency Launched to Ease Housing Shortage

• 21 Mar 2024 5:05 AM

Budapest Mayor Gergely Karácsony announced the establishment of a city agency to match renters with home owners at a press conference.



Housing Market in Hungary Shows Robust Growth

• 13 Mar 2024 5:43 AM

Home sales were up 72% year-on-year to 10,754 in February, the highest figure in 20 months, real estate broker Duna House estimates.



Dispute at Largest Real Estate Development Project in Budapest Leaves Condo Owners Homeless

• 7 Mar 2024 6:31 AM

Some 1,500 people who purchased condominium units in the largest real estate development project in Budapest have been unable to move in due to a dispute between the developer, the D&B real estate group, and construction company KÉSZ Építő.