Jaw-dropping price rise concerning newly built homes in Budapest
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The average prices of newly built homes in Budapest rose 15.5pc year-on-year to HUF 1.77m (EUR 4,517) per sqm in the third quarter, listed real estate broker Duna House said on Monday citing data from Eltinga.
Home prices in the capital now average HUF 128.2m, slightly down from a quarter earlier, Péter Szegő of Duna House said. Demand for newly built homes in Budapest remains active, but the market is set to stabilise as supply is also increasing gradually, it said.
Around 2,220 new homes were sold in Budapest in the third quarter, down 6pc from the previous quarter, but still well above the average of recent years, Duna House said. In the past one year, 9,611 newly built homes were sold, the highest figure in the past decade, it added.