What is the most expensive urbanization in Budapest? – Portfolio.hu

A big stir earlier this year, when Duna House calculations showed a drop in house prices of more than 5 percent. This was particularly interesting because it was possible to measure the largest price increase in housing developments in previous years, but this may also be the reason why the price increase was the first to stop here. Also, there wasn’t even an outbreak at the time, so it’s worth looking at what has happened in every development since then.

Housing developments in Budapest

Regarding prefabricated floors, it was first felt at the end of last year that the real estate market entered a mature stage, which was accompanied by stagnation and price correction. Duna House examined transaction data from the recent period in the larger housing estates, showing that the drastic rise in the price of pre-fabricated floors has stopped, and panel prices in the capital show a different mixed picture as a location. . The most expensive is still Vizafogó, while the cheapest urbanization in Budapest is Havana.

According to data from the last six months, Gazdagrét, Káposztásmegyer and Óhegy became more expensive in 2020, while stagnant prices can be found in the most expensive urbanizations in Vizafogó,

Panel flooring on the highway in Füred and Újpalota became minimally cheaper, the largest decrease was in Békásmegyer.

1133 Budapest, Garam utca 4

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“Changes in the real estate market have always had a more dramatic effect than the more affordable type of real estate, prefabricated flooring. This has been exacerbated by price increases in recent years and can now be felt in the changing phase. Last year’s sale price even a small percentage change can be seen in upward or downward directions. ” He said Károly Benedikt, Head of Analysis at Duna House.

In addition to his titles in PPKE-BTK Communication History, Károly Benedikt also has a degree in technical computing. He has worked for communication agencies for the past 12 years.

also

In addition to his titles in PPKE-BTK Communication History, Károly Benedikt also has a degree in technical computing. He has worked for communication agencies for the past 12 years.… also

What about the field?

Regarding price changes for rural developments, OTP Ingatlanpont recently conducted a survey of where the price of panel floors increased most between 2016 and 2019. According to the OTP Residential Real Estate Value Map, which processes NAV data, Between 2016 and 2019, the average price per square meter of county seats in Tatabánya increased at the fastest rate (by 93 percent): from HUF 143,000 three years earlier to HUF 276,000. Based on this, it is no longer surprising that the winner of the price increase is also in this city, which is nothing more than a housing development called Dozsakert, where prices have risen 108.7 percent in three years.

This means that the price per square meter increased from 138 thousand to 287 thousand forints in 3 years.

“The proximity of the capital, the M1 highway that divides the county, the labor demand for large industrial investments has been accompanied by an increase in solvent demand, which has raised prices, boosted the construction of residential properties, both condominiums, parks of apartments and family houses. The number of new houses is growing in the Tatabánya agglomeration settlements, there are many young people in the area who are using CSOK and are moving from the county seat. The county’s rate of price increase is likely to decrease in the future, but the conditions for growth in the real estate market are in place and constantly expanding, “he explained. Dávid Valkó, senior analyst at OTP Ingatlanpont.

David Valkó

OTP Mortgage Bank / OTP Real Estate, Senior Analyst

After earning his bachelor’s degree from Dávid Valkó, a geographer, geography teacher, and regional and settlement development journalist, and then his second degree as a real estate expert, he has been working as a real estate market analyst since 2000.

also

After earning his bachelor’s degree from Dávid Valkó, a geographer, geography teacher, and regional and settlement development journalist, and then his second degree as a real estate expert, he has been working as a real estate market analyst since 2000.… also

However, the most expensive rural developments are not found in Tatabánya, as in several county capitals the price increase started from a higher level a year or two earlier, so

• Székesfehérvár
• Debrecen
• győr
• Kecskemét
• Veszprém

There are also developments where the average price per square meter exceeds HUF 300,000.

1117 Budapest, Buda-thermal part

What will the next months bring?

Therefore, the 5% decrease in prices measured in Budapest at the end of last year seems to have occurred only in certain housing estates for the time being, especially those where there has been an outstanding price increase in the last 6 years compared to the average capital, such as the Békásmegyer development.

However, the current epidemic has significantly reduced optimism. According to our Housing Market Mood Survey conducted a month ago, experts expect prices to drop in both Budapest and the countryside. In counties, for example, where the proportion of housing developments is in many cases higher than in the capital, half of the respondents believe that prices will be lower in a year.

However, the decline is not expected to be drastic, as only 1 in 10 experts believe it will exceed 10 percent, with the rest expecting single-digit price cuts or stagnation.

Cover image source: Getty Images