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Steeped in history and architectural wonders, Budapest, the vibrant capital of Hungary, has emerged as a beacon for real estate...

The real estate market in Hungary saw an upswing in the first three months of 2024

According to the KSH, in the last eight years, Hungarian housing prices have increased by more than two and a half times, which is the highest in our region and in the European Union, Compared to last year, the proportion of properties sold for over one million forints per square meter rose by two percentage points to ten percent nationally, while in the capital, their proportion jumped from 24 percent last year to 30 percent this year

The rental market in Hungary has also seen an increase in supply, which can be seen as a prelude to the summer season, Portfolio explains. In mid-June, tenants in Budapest and nationwide had 14-18% more apartments for rent to choose from. The national rental supply consists of more than 11,800 apartments and houses for rent. According to an expert from leading real estate agency, if the supply growth persists, it could put a brake on rent increases.