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HATC SAMPLE EDITION:
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5th May, 2025
Budapest new-build home prices soar
The average price of newly built homes in Budapest has soared over the past year, fuelled by tightening supply and strong demand, real estate brokerage Duna House says in its latest report.
Prices in the capital rose unevenly, with the steepest increase, 56%, recorded in the Second District, followed by increases of 51% in the 18th District and 40% in the Seventh.
The cheapest newly built homes are found in the 15th and 20th Districts, at an average of Ft 1 million per square metre.
At the more expensive end, homes in the Second District now command over Ft 3.4 million per square metre.
Premium inner-city areas such as Districts I, V and XII also saw average prices exceed Ft 2 million.
For investors, Districts VIII, IX and XIII stand out thanks to stable rental demand and growth potential, according to the report.
Duna House forecasts a 3-7% increase in prices during the second half of 2025, particularly in outlying districts and the suburbs.
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Sources regularly consulted, with abbreviations used in text: Népszabadság (N); Magyar Hírlap (MH); Világgazdaság (VG); Napi Gazdaság (NG); Magyar Nemzet (MN); Népszava (Nsz); Kossuth Rádió news (KR); nightly TV news (TV).
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