Surprising turn: The most expensive street in Hungary was at Lake Balaton instead of Budapest in 2023
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Budapest streets and squares were the most expensive in Hungary concerning property prices for decades. In 2023, the Aranyhíd promenade in Balatonfüred, a popular Hungarian bathing town near Lake Balaton obtained 1st place with HUF 2.64 million/sqm (EUR 6,410). In 2024, Budapest reclaimed the first position with HUF 3.775 million (EUR 8,990), a significant rise. Here is the most expensive street in Hungary this year.
According to origo.hu, the second place went to Budapest’s Kossuth Square, where the Hungarian Parliament is located, with HUF 2.54 million/sqm in 2023. Ruthén Street won third place in Budapest’s 2nd district with HUF 2.37 million/sqm. In the top 10 of 2023 were sqm prices between HUF 1.85 and 2.22 million (EUR 4,490-5,400).
The cheapest street in Hungary concerning property was Templom (Church) Street in 2023 in Kiskunlacháza, where you can buy a sqm for only HUF 23,000 (EUR 56).
According to the statistics, the most expensive areas in Budapest were the Türbe Square (2nd district), the squares near the Elizabeth Bridge, the Széchenyi wharf, the 15 March Square and some streets in the 2nd district. The cheapest streets and squares were in the 17th, 20th, and 18th districts in the capital last year.
Outside Budapest, Lake Balaton and Zebegény (Danube Bend) were the most expensive. You had to pay between EUR 5,340 and 6,800/sqm for property in the most expensive streets and squares at the “Hungarian Sea”.
In 2024, Budapest reclaimed its first position concerning the most expensive property prices with HUF 3.775 million (EUR 8,990) in the 2nd district’s Türbe Square. The top 10 consisted only of Budapest streets and squares with prices between EUR 7,530 and 8,990.
A sqm in the cheapest streets in Hungary costs only HUF 16-19 thousand (EUR 40-45). According to the statistics, the price difference between the cheapest and most expensive streets in Hungary was 115-fold in 2023. That increased to 236-fold in 2024.