The most luxurious and the cheapest districts of Budapest to live
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According to portfolio.hu, there is an ongoing debate about whether it is Pest or Buda where it is more agreeable to live concerning financial matters. The real estate prices are surely higher in Buda, but at the same time the most expensive district in the capital is still in Pest? This article intends to show the current real estate prices in the capital and, out of curiosity, the most expensive streets, too.
The recent study of KSH about the 1st half of 2017 gives us a clear picture about the prices of homes in each capital district. It demonstrates that it is still the 5th district that is the most expensive, where the prices are approximately 3 times as much as in the cheapest 23rd district.
The top most expensive districts after the 5th are the 2nd, the 1st and the 12th, then comes the 6th and the 11th.
The cheapest district is the 23rd, but the 21st, the 20th and the 10th only drop behind a little bit.
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/KSH, Portfolio survey about the average home prices and the sold flats in Budapest/ The column on the right indicates the number of flats sold, while the one on the left indicates the price of square metres in HUF thousandHowever, without doubt, the most popular districts are the 13rd, the 14th and the 11th where around 3,000 flats were sold in the 1st half of 2017. If we assume that this number is going to increase in the 2nd half as well, then 10% of the housing stock may change its proprietor.
It is important to point out that the average prices in each district are calculated based on the purchased detached houses, apartments and blocks of flats. The blocks of flats are usually less expensive than the apartments, thus, the districts where less of them are sold give those for higher prices.