Housing to become unaffordable in Hungary soon?

County house prices have risen 12.7 per cent, and property prices at county seats have risen 16 per cent since last summer.

Not too long ago, Daily News Hungary wrote that many Slovak citizens were buying houses in the northern side of Borsod County due to low real estate prices. In Kassa, the average cost per square metre was 1,325 euros in 2020, while in Northern Hungary, one square metre cost only 372.94 euros. Real estate in villages of the Borsod area cost even less. Here, the average price was 197.77 euros

Now Index wrote that used housing prices have been rising since 2014, but they went up even more from 2020 to 2021. In the southern and eastern parts of Hungary, the increase was much higher than in the western region.

In Komárom-Esztergom county, the rise was 21%, in Zala 23%, in Heves 24%, in Veszprém 35%. The lowest increase in prices is in Jász-Nagykun-Szolnok county, where prices have dropped by 10%.