[ad_1]
Although there was still a slight price increase in the Budapest new housing market in the previous quarter compared to the previous quarter, the rate was much lower than what we were used to since 2015. Newly built flats became on average a 6.1% more expensive in Budapest in one year, representing a significant slowdown compared to 19.5% a year ago, although there are large differences within the city.
However, over the past six months, the market has plunged deeply due to the economic recession due to the coronavirus, the 27 percent increase in project prices this year, and the reduction in supply, which could change in the run-up to Rusted Discount Homes and the New Home Program.
We will focus on the national real estate market at the Property Investment Forum 2020 conference on November 19. Click for more details.
How much does it cost now to enter a new apartment?
According to the Budapest Housing Market Report, which compiles newly built condos with at least 4 floors available from public sources, at the beginning of September the cheapest new apartments are HUF 23.5 million and the most expensive new apartments are HUF 545 million. The smallest apartment is 22 square meters, while the largest, which proportionally includes the terrace, is 326 square meters.
The article shows:
- Where are the cheapest new apartments in Budapest and where do they cost?
- Where are the new most expensive apartments in Budapest and how much do they cost?
- What is the difference between the cheapest and the most expensive apartment in price per square meter?
[ad_2]
