Hungary is getting more and more popular among property buyers and real estate investors. While Budapest can be extremely expensive in that regard (we have written about the most expensive streets in the capital city here), there are some places where investing in property can be a bargain (find our article in the cheapest streets here). However, there are places even cheaper than that in Hungary. In this article, we are presenting to you a town where you can buy property for extremely low prices: Miskolc.
Miskolc is the county seat of Borsod-Abaúj-Zemplén county. Portfolio looked at the ten cheapest and the ten most expensive streets in Miskolc, based on the average price per square metre of the apartments that changed hands in 2021. Apart from Békéscsaba (county seat of Békés) and Salgótarján (county seat of Nógrád), Mickolc is the cheapest county seat in Hungary in terms of property prices.
According to the economic news portal, the price of a house in Miskolc is typically lower than that of an apartment. That is, when the prices per square metre are compared.
If you do not want to stick to the Hungarian capital, even the most expensive properties in Miskolc are well-priced compared to those in Budapest. In the most expensive streets, the average house price in Miskolc reaches HUF 500,000 (EUR 1298) per square metre.
There are five county seats in Hungary where the average price of sold apartments in the cheapest streets did not even reach HUF 100,000 (EUR 260). These are Miskolc, Salgótarján, Békéscsaba, Pécs and Tatabánya. Out of these, in Miskolc and Salgótarján, it did not even exceed HUF 50,000 (EUR 130). The average property price in the cheapest streets in Miskolc was only around HUF 100-150,000 per square metre and included the following streets:
How will property prices in Miskolc develop in 2023? Looking back over the past year or two, Portfolio writes, the current market environment is more uncertain than ever. However, it is clear that in the coming months, we should expect lower transaction numbers and longer selling times across the country compared to previous years.
Source: portfolio.hu, DNH
I always use DailyNewsHungary several times a day and your information are fit to what I want to know all about updates in Hungary. Especially Ms Mercédesz, thanks to you with the excellent topic you cover most of the time 😉
Keep up the good job team!
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