These are the most expensive towns in Hungary
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The most expensive towns were those at Lake Balaton in 2021. In one district of Budapest, the average price per square metre was just over HUF 1 million (EUR 2,536). In contrast, in the most expensive Hungarian town, it was HUF 1.274 million (EUR 3,218) per square metre. Despite the closeness of the tram and the big-city lifestyle, the price per square metre has been driven up by the atmosphere of a waterfront on Lake Balaton or a small village of a few hundred people.
As we wrote earlier, energy efficiency has become a key factor when buying properties; some areas became more, some less favourable. For example, Budapest’s largest district, Rákosmente used to be very popular due to its peace and quietness. However, with the increase in the energy efficiency of real estate in 2022, the area lost more and more of its attractiveness, just like other districts and cities.
Top cities near Lake Balaton
In 2021, the most expensive village in Hungary was Ábrahámhegy. The average price per square metre in the village on the northern shore of Lake Balaton was HUF 1.274 million (EUR 3,208), according to Portfolio. Despite the fact that the village has a population of around 500 and only four transactions took place in 2021, it had the highest price per square metre.
The third place was also taken by a town near Lake Balaton, Tihany. Here, not only detached houses were sold but also apartments in condominiums. The average price per square metre was around HUF 1 million (EUR 2,536) for detached houses and more than HUF 1.6 million (EUR 4,041) for condominiums. KSH calculated the overall average price per square metre, which came to HUF 1.25 million (EUR 3,157).