Property for little money in Hungary? Search here!

We have reported on the affordable properties in Miskolc, a town in Northeast Hungary before. Now Pénzcentrum has taken a look at the cheapest streets to buy property in Veszprém, one of Hungary’s oldest founded cities.

In the cheapest streets of Veszprém you can find residential property for less than HUF 100,000 (EUR 260) per square metre. What is more, according to the latest data, the cheapest flats were sold for just HUF 17,000 (EUR 44.28) per square metre in the last year surveyed by the Central Statistical Office (KSH).

Read also: Looking to buy property cheaply in Hungary? Look here

Affordable property in Veszprém

According to National Tax and Customs Administration (NAV) data from official transactions available at the KSH, the average price asked for a square metre of residential property in Veszprém in the second quarter of 2022 was HUF 634,464 (EUR 1652.52), Pénzcentrum reports. At the same time, there is a larger variation in unit prices and transaction numbers by property type.

At the request of Pénzcentrum, ELTINGA has compiled a detailed set of data. This shows that in the second quarter of 2022, second-hand brick apartments sold for HUF 693,296 (EUR 1805.9) per square metre, based on 135 transactions. Meanwhile, panel apartments sold for HUF 580,200 (EUR 1511.30), based on 124 transactions. For detached houses, owners asked HUF 541,114 (EUR 1409.49) per square metre, based on 13 transactions.

This is the average data. The question is: what do deeper statistics show? To find out, Pénzcentrum has extracted the most affordable streets of Veszprém in 2021 from the recently published “Ingatlanadattár, Magyarországi lakásárak, 2005-2021” (Real Estate Data, Hungarian Housing Prices, 2005-2021) by KSH.