The most sought after properties in Budapest revealed

For years properties in blocks of flats were the most popular choice of housing in Budapest. However, there is a growing interest in newly built real estate too, as revealed by 24.hu.

In 2017, the most in-demand properties in Budapest were homes in blocks of flats in the green belt with 2-3 rooms and good transport connections, closely followed by studios, which were usually bought as a form of investment.

Due to the rise in property prices in 2018, one could observe a migration towards the outer districts of the capital; people tried to buy bigger properties with the same budget, which was only possible further away from the city centre.

Properties in blocks of flats remained the most accessible real estates, with 1.5-2 room flats proving to be the most affordable option. There was also a growing interest in newly built housing too.

So far there have been no significant changes in choice of real estate compared to previous years. Homes in blocks of flats remain the most popular form of real estate. Based on the following statistic, this is understandable: a family with a budget of €12,500-€15,500 can access a property valued €60,000-€80,000 if they choose to live in a block of flats.