According to several banks and experts, the Hungarian real estate market has come to a turning point which shows in the decrease of the sold number of estates in Budapest and other major Hungarian cities.
Forbes reported that the prices of flats and estates increased by two additional numbers, but the Government’s support program has stopped the slowdown of the market and the lack of customers. In the country, the prices increased by approximately 14.2%. The business slowed down in the capital by third-quarter, and fewer flats with big square-meter basin were sold.
The prices of block of flats increased by 21%, which means an average 326,000 HUF/square-meter (956 EUR). Out of the nineteen counties of Hungary, prices did not decrease in Veszprém, Komárom-Esztergom and Borsod-Abaúj-Zemplén, Hajdú-Bihar, Jász-Nagykun-Szolnok and Csongrád.
According to statistics, Győr-Moson-Sopron County remained the most expensive county in the western region, with an average price of 352,000 HUF/square-meters (1,033 EUR). The cheapest county on the other side is Nógrád with 100,000 HUF/square-meters (293 EUR).
Out of the significant Hungarian cities, the biggest increase happened in Tatabánya (by 36%).
In other cities like Debrecen, Veszprém, Miskolc, Szolnok prices increased by 30%. Debrecen even reached an average 402,000 HUF/square-meters price (1,179 EUR).
Featured image: Daily News Hungary