Houses and commuting within the Budapest metropolitan area – Tips, prices

Real estate prices have been rising throughout the capital, but now this trend can also be seen in the wider metropolitan area, turizmusonline.hu reported. How far do you need to go to find a house or apartment with favourable prices that are still within commuting distance from Budapest?

There are huge differences concerning the real estate market trends in Budapest and the surrounding cities and towns. Ingatlan.hu completed a survey analysing about 10 thousand real estate ads written by individuals. László Balogh, an economic expert, says that although there are less new real estate adverts, the number of houses on the market is basically still the same, which means, that there are a lot of houses that cannot be sold. Most people choose from new listings, which means that apartments and houses get sold quicker. He also mentioned that the number of ads listed by real estate agents is 5.4% smaller than it used to be in the capital city.

Prices in the metropolitan area

The average price per square meter in Budapest is 514 thousand Ft in the case of second-hand apartments, but it is at least 300 thousand even in the cheapest neighbourhoods in Budapest. Right outside of the capital city prices are around 200-300 thousand, but if you want even cheaper, you will have to travel a lot more. Read more about real estate prices in Hungary by clicking here.

If you are searching for prices below 200 thousand Forint, you should look at least 30 kilometres away from Budapest.

You will have a greater chance of finding something in the areas that are 40-60 km from the city. People prefer towns and cities that are only a train ride away from Budapest – says Károly Benedikt, Head of PR and analysis at Duna House.