• Hungarian forint
  • Budapest
  • Police news
  • HelloMagyar
Hungary’s new home construction booming in these regionsHungary’s new home construction booming in these regionsHungary’s new home construction booming in these regionsHungary’s new home construction booming in these regions
  • Politics
  • Business
  • Society
  • Sport
  • Culture
  • Special Hungary
  • News To Go
  • World
  • Contact Us
  • About us
  • About us
  • Contact Us
  • Privacy Policy
✕
Important
  • PHOTOS: Renovated facade of the legendary Corvin Department Store unveiled in Budapest!

  • Breaking: Fuel tax to be increased in Hungary

Support us
Petra Mohi Petra Mohi · 28/03/2023
· Business

Hungary’s new home construction booming in these regions

Debrecen

The city of Debrecen Photo: https://www.facebook.com/DebrecenHirei

Although new home projects are slowing down in most of the Hungarian cities, according to a Hungarian real estate portal, some regions see booming housing construction.

Otthon Centrum real estate portal has completed its first quarter evaluation of this year, penzcentrum.hu reports. According to the results, a total of 254 projects in cities with county rights in Hungary are in the process of building 6,000 apartments. The number of new projects launched this year is 39. According to Gábor Soóki-Tóth, head of analysis at Otthon Centrum, these figures indicate a decline. According to him, 8.6 percent fewer projects are currently under development, and 8.9 percent fewer apartments are being built in cities with county rights than in the same period last year.

Debrecen at the top

However, this downward trend is not present everywhere. In Debrecen, there are currently 49 housing projects underway, and this is the first such high number in three years. So far this year, a total of 9 new projects have been launched in the city. Debrecen is followed by Szeged with 32 projects, while Pécs is in third place with 23 projects. The top three cities are followed in order by Székesfehérvár, Kecskemét, Nyíregyháza and Győr. Hódmezővásárhely is at the bottom of the list. In Hódmezővásárhely, there is only one four-apartment building under construction. In smaller cities such as Baja, Esztergom, Dunaújváros or Salgótarján, no such projects are currently in progress.

  • Read also: Surprising: most homes were built in these regions last year in Hungary

Szeged leads in the number of new apartments with 956, while Debrecen has 783 apartments under construction. Nyíregyháza is in third place in terms of the number of apartments being built. Here, 650 new apartments are currently under construction as part of an investment project involving several hundred apartments.

Price per square metre over HUF 1 million

Gábor Soóki-Tóth informed penzcentrum.hu that the prices of newly built apartments in cities with county rights have never been as high as they are now. Compared to a year ago, the average price of newly built apartments is 25 percent higher, which means HUF 947,000 (EUR 2,467) per square metre.

The pace of price rises was record high mainly in the first half of last year, but the 5.2 percent increase compared to the previous quarter indicates a slowdown,

the expert adds.

The most expensive cities are Sopron, Debrecen and Szeged. In Sopron, the average price of newly built apartments is HUF 1.1 million (EUR 2,865) per square metre, while the average price in Debrecen is HUF 1.09 million (EUR 2,839) per square metre and HUF 1.04 million (EUR 2,709) in Szeged. They are followed by Győr with HUF 987,000 (EUR 2,571), Veszprém with HUF 980,000 (EUR 2,552), Pécs with HUF 974,000 (EUR 2,537) and Érd with HUF 961,000 (EUR 2,503) per square metre.

The cheapest city for new-build apartments is Hódmezővásárhely, where the average price per square metre is HUF 485,000 (EUR 1,263). In Békéscsaba, new-build apartments are also cheaper than the average in the country, with an average price of HUF 606,000 (EUR 1,578) per square metre. Although the price of new-build homes has risen significantly in all cities, compared to the previous quarter, the most expensive cities have not increased their prices, penzcentum.hu concludes.

Read also:

  • PHOTOS: World-famous Budapest luxury hotel among the best in the world!
  • Nature’s wonders: Budapest’s first squirrel and bird park opens! – PHOTOS, VIDEO

Source: penzcentrum.hu

If you would like to support the work of the Daily News Hungary staff and independent journalism,
please make a donation here
construction housing Hungary property real estate
Share

Hot news

  • President Novák: We support Ukraine and encourage them to join EU and NATO

  • Major announcement from one of Hungary’s largest retail chains

  • Explosion in Budapest, warehouse building burnt extensively – PHOTOS

  • Hungary’s largest solar park inaugurated: it will produce enough electricity for 21 years

  • This is how King Charles spent his visit to Hungarian village in Transylvania

  • Szijjártó: The global majority agrees with us

Related posts

lidl hungary
07/06/2023

Major announcement from one of Hungary’s largest retail chains


Read more
MOL fuel station Hungary
06/06/2023

Breaking: Fuel tax to be increased in Hungary


Read more
Hungarian grain
06/06/2023

The European Union has given in to Hungary


Read more
forint euro bills
06/06/2023

Positive prognosis: Forint will strengthen to 345 EUR/HUF level?


Read more

Leave a Reply

Your email address will not be published. Required fields are marked *

SUPPORT US
  • Facebook
  • Twitter
  • Instagram

Must read

Subscribe to our newsletter

Sign up to receive daily updates, news & stories about Hungary!

Select your location below or enter your country so we can deliver our morning newsletters to you in time.


Thank you!

You have successfully joined our subscriber list.


.

About us

Contact us

Copyright rules

Privacy policy

Advertise with us

© 2023 DailyNewsHungary. All rights reserved! | Server and development by Svigelj Levente E.V
President Novák: We support Ukraine and encourage them to join EU and NATO

President Novák: We support Ukraine and encourage them to join EU and NATO

Read More
Major announcement from one of Hungary’s largest retail chains

Major announcement from one of Hungary’s largest retail chains

Read More
Explosion in Budapest, warehouse building burnt extensively – PHOTOS

Explosion in Budapest, warehouse building burnt extensively – PHOTOS

Read More
Hungary’s largest solar park inaugurated: it will produce enough electricity for 21 years

Hungary’s largest solar park inaugurated: it will produce enough electricity for 21 years

Read More
This is how King Charles spent his visit to Hungarian village in Transylvania

This is how King Charles spent his visit to Hungarian village in Transylvania

Read More
Szijjártó: The global majority agrees with us

Szijjártó: The global majority agrees with us

Read More
What happened today in Hungary? — 6 June, 2023

What happened today in Hungary? — 6 June, 2023

Read More
Just in: Magnitude 5 earthquake felt in several Hungarian cities

Just in: Magnitude 5 earthquake felt in several Hungarian cities

Read More
PHOTOS: Renovated facade of the legendary Corvin Department Store unveiled in Budapest!

PHOTOS: Renovated facade of the legendary Corvin Department Store unveiled in Budapest!

Read More
Budapest to bring government to court

Budapest to bring government to court

Read More
  • 0
  • 1
  • 2
  • 3
  • 4
Have you read it?