Good news: Prices on Hungarian real estate market fall significantly, buyers gain upper hand
Hungary’s real estate market saw a major shift by June: buyers are starting to gain the upper hand as sellers are increasingly forced to lower prices, according to a new analysis from ingatlan.com. While listing volumes remain stable, declining demand is creating favourable conditions, especially for first-time homebuyers.
Fewer inquiries, more price cuts on the real estate market
In June 2025, there were over 208,000 phone inquiries about residential properties for sale, a 4.7% drop compared to the same period in 2024. Compared to May, inquiries declined by 14%. This signals that the momentum seen earlier in the year is fading, with demand becoming increasingly subdued, ingatlan.com reports.
At the same time, price changes are increasingly skewing downward on the Hungarian real estate market. In January, 38% of listings saw a price increase, but by June, 87% of price changes involved reductions. This clearly indicates that
many property owners can only attract interest by lowering their asking prices.
Listings surge, especially in more affordable counties
The supply side is also heating up: nearly 30,000 new residential property listings appeared in June: about the same as in June of last year. In the first half of 2025, over 200,000 new listings were uploaded to the site, a 2.5% increase year over year. The most notable growth was in Nógrád County, where listings jumped 22%, while Somogy and Csongrád-Csanád counties each saw a 15% rise.
Interestingly, a growing share of listings are now posted directly by property owners. In June, there were 16% more owner-listed properties compared to the same month last year. Over the first half of the year, this segment grew by 7%. This trend suggests that more people are trying to sell their current homes on their own before searching for new ones.
Good news for first-time buyers, but there’s a catch
The real estate market shift could present opportunities for first-time homebuyers. With declining demand and falling prices, buyers may find themselves in a stronger bargaining position. However, coming up with the down payment remains a major challenge, especially in the face of high interest rates.
The barrier to entry is still steep: in Budapest, three-quarters of homes on the market are priced at HUF 67 million (EUR 167,800) or more. In county seats, the average price is HUF 41 million (EUR 102,600), while it’s HUF 30 million (EUR 75,100) in smaller towns and about HUF 20 million (EUR 50,000) in villages. For many young people, especially those relying on loans, these prices remain out of reach.
Could the second half of summer bring a buyer’s market?
Overall, current trends suggest that buyers are gaining ground. Falling demand, increasingly frequent price cuts, and expanded inventory all point toward a strengthening buyer’s market. In the coming months, strategic decision-making and skilful negotiation could be the keys to securing the right deal.
Read more news about the Hungarian real estate market on Daily News Hungary!
Read also:
- Hungarian local governments can make real estate purchases more difficult for foreigners from today
- Mini apartments are selling fast in Hungary, even at high prices
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