Real estate prices in the Hungarian capital were skyrocketing before causing that living in Budapest was more expensive than doing so in Vienna. However, coronavirus and the approaching economic crisis stopped and even already reversed that trend.
Portfolio.hu collected those flats in Budapest that are somehow special currently in the real estate market because of their price, location, the number of rooms etc. They chose those from the 24 thousand flats included in the Budapest real estate report.
From the 24 thousand flats, there are 7,000 that are still purchasable; all the others have already been sold. The average cost per square meter of these is 946 thousand HUF (EUR 2,674). The most expensive district of Budapest is still the 5th while the cheapest is Soroksár (23rd district). Meanwhile,
the average cost per square meter exceeds the 1 million HUF (EUR 2,700) threshold only in 6 districts.
Among the real estate developers, building flats that are 50-60 square metres big and contain 2-3 rooms are the most popular because these can be sold the easiest in the market. Of course, there are exceptions, and Portfolio.hu collected these.
The cheapest cost 18 million HUF (EUR 51 thousand) in the 13th district, but it is only 18 square metres. Meanwhile,
the most expensive can be bought for 452 million HUF (EUR 1.27 million)
in the 5th district and it is 200 square metres. That includes a 34 square metres balcony.
If we take only the size of the flat, the biggest one currently on the market is located in the 13th district, and it is 260 square metres. The flat having the most rooms is in the 17th district with seven and its size is 143 square metres. The highest apartment offered for sale in Budapest is a penthouse in the Metrodom Panoráma, a 17-storey building in Újpest, 4th district. If we take only the square metres prices, the cheapest flat is in the 23rd district with 79 square metres. The altogether price of it is 38 million HUF (EUR 107 thousand) which means a 481 thousand HUF (EUR 1,360) per square metre. The most expensive flat per square meter is in the 5th district offered for 2.7 million HUF (EUR 7,630) per square metre.