Hungary tops EU property market with record-breaking price surge

Hungary has seen the fastest growth in residential property prices across the European Union over the past year, according to the latest data released by Eurostat. By the third quarter of 2025, Hungarian house prices were 21.1% higher than a year earlier, placing the country well ahead of all other EU member states.

Across the EU as a whole, house prices rose by an average of 5.5% year on year, while the euro area recorded a slightly lower increase of 5.1%. Out of the 27 EU countries, data was unavailable only for Greece. Finland was the sole member state where prices fell, with an annual decline of 3.1%. Behind Hungary, the strongest price growth was observed in Portugal, where property costs climbed by 17.7%, followed by Bulgaria at 15.4%, Telex reported based on Eurostat data.

Quarterly figures confirm strong momentum

Quarter-on-quarter figures also emphasise the strength of Hungary’s property market. Between the second and third quarters of 2025, housing prices in the country increased by 3.1%, nearly double the EU average of 1.6%. Only four EU member states posted higher quarterly growth during the same period.

At the EU level, house prices rose at the same 1.6% quarterly rate in both the euro area and the European Union overall, signalling continued but more moderate growth compared to Hungary’s performance.

• Good news for those wanting to buy property: December brought a drop in Budapest prices!

Signs of a slowdown emerge in Budapest

However, recent domestic data suggests that the pace of price growth may already be easing in certain parts of the country, particularly in Budapest. According to figures published by Ingatlan.com, average house prices across Hungary rose by just 0.4% in December 2025, while prices in the capital actually fell by 0.7%. This followed a smaller decline of 0.1% in Budapest in November.