Here is where you can buy cheap properties near Budapest

Last year, the most expensive streets in the Budapest agglomeration were Óvoda Street in Törökbálint, as well as Domb and Árok Street in Budaörs. The top 10 also includes some streets in Dunakeszi, Szentendre, and Biatorbágy. Jászkarajenő, Makád, and Tápiószőlős rank among the cheapest settlements in Pest County.

Over the past few years, real estate prices have shown quite significant increases in the capital. Due to the increase in housing prices and the pandemic, settlements in the agglomeration have acquired new significance, and the demand for detached houses with gardens has increased.

Prices in Budapest

Ingatlan.com has also compiled this year’s top list of the streets with the most expensive property prices in Budapest based on more than 525 thousand advertisements, writes Pénzcentrum. St. Stephen’s Square in the 5th district of the capital came in first with an average price of HUF 2.975 million (~EUR 8,164) per square metre. Holy Trinity Square in the Buda Castle district ranked second with HUF 2.8 million (~EUR 7,683) per square metre, and Királylaki Slope in the 3rd district came in third with HUF 2.75 million (~EUR 7,546).

Ingatlan.com also shared a list of the cheapest streets and squares in Hungarian settlements with a price per square metre of approximately HUF 10,000 (~EUR 27). Properties for sale have been advertised for this price in

Kevermes (Békés County), Kötegyán (Békés County), Szeremle (Bács-Kiskun County), Fábiánsebestény (Csongrád-Csanád County), Péterhida (Somogy County), and Egyek (Hajdú-Bihar County).

HUF 927,000 vs HUF 122,000

In another article, Pénzcentrum collected the cheapest and most expensive streets in the Budapest agglomeration. In 2020, the price difference between the two extremes was rather shocking: the price of properties on the most expensive streets was 16 times higher than the price on the cheapest streets. Remeteszőlős became the most expensive settlement in Pest County with a price of HUF 927,000 (~EUR 2544) per square metre. Compared to this,

the average prices in Jászkarajenő, Mikebuda, Vámosmikola, and Nagybörzsöny were between HUF 122,000 (~EUR 335) and HUF 130,000 (~EUR 357). In terms of demand, Érd, Dunakeszi, Budaörs, and Szentendre are among the most popular settlements.

Number of foreigners buying real estate in Hungary has dramatically decreased

In 2020, Óvoda Street in Törökbálint had the highest housing prices with HUF 833,000 (~EUR 2,286) per square metre. Domb Street in Budaörs came in second with HUF 802,000 (~EUR 2,201), followed by Árok Street with HUF 778,000 (~EUR 2,135).

Buyers paid less than HUF 100,000 (~EUR 274) per square metre for the cheapest properties in the Budapest agglomeration.

On the streets of Jászkarajenő, the price per square metre was as low as HUF 51,000 (~EUR 140). Kazinczy Ferenc Street and Kécskei Sreet in Abony were also among the cheapest streets with HUF 68,000 (~EUR 187) and HUF 84,000 (~EUR 231).

Makád, Bernecebaráti, Törtel, Vámosmikola, Tápiószőlős, Perőcsény, and Újszilvás are also among the settlements with the cheapest housing prices.

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Source: penzcentrum.hu