Unimaginable property prices in Budapest’s illustrious Castle District

Budapest is extremely popular among foreign investors and property buyers. However, if they decide to buy real estate in Budapest’s more popular districts, they have to reach deep into their pockets. In this article, we will show you the property prices in the Hungarian capital’s breathtakingly beautiful Castle District.

According to data from the Hungarian Statistical Office (KSH), by the third quarter of 2022, taking the 2015 level as 100, the domestic house price index reached 256 percent. However, both the rate of price increases and sales have clearly slowed down. It was to be expected that the steady double-digit increase in house prices could not last forever. A weak decline in interest was already noticeable in the spring of 2022, Pénzcentrum explains.

In Budapest, like the national average, house prices are rising steadily but at a slower pace. For newly built apartments, buyers can expect to pay around HUF 1.5 million (EUR 4070) per square metre. Pénzcentrum took a look at one of the most attractive parts of Budapest, District 1, and examined which streets are the cheapest and most expensive to buy property in.

The 20 most expensive streets in District 1 of Budapest

1. Orom Street (HUF 2.514 million/sqm) (EUR 6821)
2. Dísz Square (HUF 1.528 million/sqm) (EUR 4146)
3. Úri Street (HUF 1.455 million/sqm) (EUR 3948)
4. Hunyadi János Street (HUF 1.168 million/sqm) (EUR 3170)
5. Tigris Street (HUF 1.110 million/sqm) (EUR 3013)
6. Lánchíd Street (HUF 1.107 million/sqm) (EUR 3005)
7. Mihály Street (HUF 1.071 million/sqm) (EUR 2907)
8. Bem Quay (HUF 1.062 million/sqm) (EUR 2882)
9. Szirtes Street (HUF 1.042 million/sqm) (EUR 2828)
10. Kuny Domokos Street (HUF 1.034 million/sqm) (EUR 2806)
11. Ponty Street (HUF 1.024 million/sqm) (EUR 2779)
12. Aladár Street (HUF 1.022 million/sqm) (EUR 2774)
13. Szabó Ilonka Street (HUF 1.007 million/sqm) (EUR 2733)
14. Donáti Street (HUF 978,000/sqm) (EUR 2654)
15. Gellérthegy Street (HUF 974,000/sqm) (EUR 2644)
16. Logodi Street (HUF 967,000/sqm) (EUR 2625)
17. Mikó Street (HUF 955,000/sqm) (EUR 2592)
18. Pauler Street (HUF 949,000/sqm) (EUR 2576)
19. Lovas Street (HUF 938,000/sqm) (EUR 2546)
20. Toldy Ferenc Street (HUF 936,000/sqm) (EUR 2541)

The 20 cheapest streets in District 1 of Budapest

1. Széna Square (730,000/sqm) (EUR 1982)
2. Hegyalja Street (762,000/sqm) (EUR 2068)
3. Vérmező Street (787,000/sqm) (EUR 2136)
4. Márvány Street (794,000/sqm) (EUR 2155)
5. Kosciuszkó Tádé Street (799,000/sqm) (EUR 2169)
6. Battyhyány Street (823,000/sqm) (EUR 2234)
7. Mészáros Street (824,000/sqm) (EUR 2237)
8. Naphegy Square (831,000/sqm) (EUR 2256)
9. Várfok Street (839,000/sqm) (EUR 2278)
10. Avar Street (845,000/sqm) (EUR 2294)
11. Csap Street (851,000/sqm) (EUR 2310)
12. Krisztina Boulevard (852,000/sqm) (EUR 2313)
13. Attila Street (853,000/sqm) (EUR 2316)
14. Zsolt Street (854,000/sqm) (EUR 2319)
15. Alsóhegy Street (873,000/sqm) (EUR 2369)
16. Berényi Street (877,000/sqm) (EUR 2380)
17. Derék Street (877,000/sqm) (EUR 2380)
18. Hattyú Street (882,000/sqm) (EUR 2394)
19. Fő Street (894,000/sqm) (EUR 2426)
20. Csalogány Street (903,000/sqm) (EUR 2451)

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