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The latest apartment prices have arrived

Updated: Jun 22, 2023

National housing prices rose by only 1 percent on average, according to the third quarter data of the KSH. The change compared to the previous quarter was so great, the increase was still 21 percent compared to the same period of the previous year.


Real estate agency in Budapest

The latest apartment prices have arrived, The latest national house price index of the CSO for the third quarter of 2022 has been published. Although many people were already expecting a drop in prices, prices rose even further to a minimal extent. Compared to the second quarter, the third quarter indicator was almost exactly 1 percent higher, while compared to the same period in 2021, the price increase was 21 percent. However, it is important to emphasize that these are preliminary data for the time being, which may change by several


Housing index Budapest

Although used apartments account for the majority of all sales and purchases, about 90 percent, in addition to the above, it is also worth comparing the price changes of used and new apartments. The figure below clearly shows that the price level of new apartments began to diverge sharply from the prices of used ones in 2020, as the new housing market was less affected by the epidemic. In the following period, the rate of price increase for both types was similar, but in the future, newly built


Source: protfolio.hu

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