Balaton region to become the most popular residential area?

While costs of real estate are skyrocketing in certain localities in Hungary, other regions have also started to attract buyers. Recently, Lake Balaton and its region have become more popular. Prices, however, are nor cheap.

Budapest has recently become notoriously expensive in term of buying real estate. The average price per square meter is EUR 2,765. The gap between the cheapest and the most expensive property can be as much as EUR 2.5 million. To read further details about the real estate market in Budapest, click HERE. Similarly, real estate prices have increased in most cities with county rights. Prices in Debrecen, Tatabánya, Veszprém, or Érd have risen, while prices in Salgótarján, Nagykanizsa, and Dunaújváros remained low.

read also: Here is where you can find the cheapest properties for sale in Hungary

In the last year Balaton region has become a very attractive region for buyers. Real estate prices, however, are not low.

The number of residents grew with one fifth in 2020. 5,000 people have moved there within just a year, writes G7. Based on official data, Balatonszepezd, for example, did not use to be a popular place for buying real estate. In 2010, it had as few as 406 residents. By 2019, the numberof residents have descreased to 357. In 2020, however, 80 new residents have moved to Balatonszepezd.