This is where the most expensive apartments in Budapest are
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Penzcentrum.hu collected the places you can buy newly built apartments in Budapest, and also their prices. To finish their summary, they averaged the price/square metre rate of more than 13 thousand newly built apartments.
Budapest Apartment Market Report’s newest study, based on data from the first quarter year, has been published, and one thing is quite clear: after the market of used apartments, Budapest’s newly built apartment market has also vivificated. Developers are more and more active, the supply is huge and it seems like this tendency will continue in the upcoming years.
The experts of Eltinga, Ecorys and FHB Index have already counted 400 resident estate developments in the capital city, and the number of newly built apartments exceeds 13 thousand.
As a reminder: the report only counted 255 developments and 3400 apartments in the third quarter of 2016, while they “only” listed the data of 11 thousand apartments in the last quarter of last year. Looking into the study, it can be stated that an average newly built apartment in the capital city
- has two and a half rooms
- has a ground-space of 61 m2
- and costs ~148,143 euros (46,152,579 forints).
However, it is worth looking at the city from a wider perspective, because apartment market rates can generate quite serious swings. For instance, it is apparent that Danube is a real divide in price regarding the Buda-Pest spectre. Average apartment prices cost almost ~32,100 euros (10 million forints) more on the western side of the Danube than on the eastern.