If we break down the capital city of Hungary into districts, we can get a good understanding of how expensive real estate can cost and how prices differ based on locations.
The most expensive real estate in district 5 costs HUF 994,000 (EUR 2,702 ) per square metre while a home in the cheapest street of the rural town of Soroksár can be purchased for HUF 416,000 (EUR 1,131) per square metre. – writes hvg.hu. The price difference is astonishing. The 10 most expensive areas in Budapest are Vérhalom street, Vörösmarty square, Dorottya street, Gyöngyvirág street, Úri street, Tóth Lőrinc street, Szalay street, Szeréna street, Mártonhegyi street, and Gárdonyi Géza street. Whereas, the cheapest are Vecsés street, Ady Endre street, Posztógyár köz Táncsics Mihály street, Károli Gáspár street, Révay street, XV. street, Korponai street, Honvéd street and Külső Vörösmarty street.
While buying real estate in the most expensive street in district 2 can even cost you HUF 2 003 000 (EUR 5,445 ), a home in the cheapest area would be of a significantly lower price. Real estate in Külső Vörösmarty street in district 23 costs HUF 220 000 (EUR 598) per square metre.
Read alsoCould you afford to rent an apartment in Budapest? Here are the prices
In Buda, 8 out of the 10 most expensive streets can be found in districts 2 and 12. The cheapest street is also in district 2, and it is called Ganz street. There, real estate costs HUF 425,000 (EUR 1,155) per square metre.
You encounter the biggest surprise regarding real estate in the central districts of Pest. Hős street, translated as Hero street, is an infamous street which is known as one of the worst neighbourhoods in Budapest. Real estate prices, however, do not seem to reflect this idea. Hős street is considered one of the most expensive areas of district 5 where you buy real estate for a high price of HUF 813,000 (EUR 2,210) per square metre.
Other areas of Budapest are worth mentioning as well. Certain parts of Újlipótváros which are closer to Nagykörút, Marina Part and Jávor street are more on the expensive side. Akadémiaújtelep, Káposztásmegyer, Árpádföld are also pricier areas. While Pestszentlőrinc, Pesterzsébet, Soroksár and Csepel are the cheapest areas.
Metropol located the most expensive house in Budapest. The house is in district 8 and was built in 2016 on a 4,000 square metres land. The house itself consists of 1,100 square metres and includes 11 rooms, 7 bathrooms, and 3 garderobes. The house also has two living rooms and a 80 square meters kitchen and dining area. The steam cabin and the sauna are added to the home. The astonishing HUF 3 billion (EUR 8,155,108) price also includes the Cavalli furniture.
You can take a look at the house HERE.
Read alsoHungarian real estate prices could peak – Will the bubble burst?
Source: hvg.hu, Metropol
please make a donation here