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In the last ten years, real estate has become significantly more expensive not only in Budapest, but also in the agglomeration around the capital. After the closure caused by the coronavirus epidemic and the expansion of work from home, the desire to relocate to the agglomeration of Budapest may increase again. According to your ad
UNTIL THE POPULATION OF BUDAPEST DECREASED ALMOST THOUSANDS BETWEEN 2009 AND 2019, THE POPULATION INCREASED IN ALMOST ALL THE SETTLEMENTS
and the expansion exceeded 85,000 in total, an increase of more than 10 percent in ten years. At the settlement level, Délegyháza led population growth by 58 percent, but there was also significant population growth of more than 25 percent in Remeteszőlős, Nagytarcsa, Pócsmegyer, and Herceghalom. At the same time, in the case of Sződ, the population decreased by 14 percent and there were also fewer people living in Pilisszentkereszt, Vácott and Tök in 2019 than in 2009.
Significant differences
Within the agglomeration of Budapest, the most expensive were by far the large settlements in the western sector, where they paid twice as much per square meter of housing as in the cheaper small settlements in the east. While in the case of the former the average house price was 569 thousand guilders in 2019, in the case of the second only 274 thousand guilders had to be paid per square meter of housing according to the Takarék survey.
Real estate prices in the Budapest agglomeration increased by an average of 79 percent between 2009 and 2019, far behind the 135 percent price increase in the capital. The northwest sector became more expensive (86 percent), but the north (84 percent) and west (82 percent) sectors were not far behind either. Prices rose less in the southeast sector, where the exchange rate was 68 percent. The highest price increases were recorded in Délegyháza, Százhalombatta and Szentendre.
| Settlement | Price change 2009-2019 (%) | Prices (2019, thousands of HUF / m2) |
| Délegyháza | 113 | 346 |
| One hundred hills | 113 | 399 |
| Szentendre | 107 | 505 |
| Budaörs | 106 | 635 |
| Budakeszi | 99 | 519 |
| Veresegyház | 99 | 458 |
| Bring | 98 | 394 |
| Falconer | 97 | 478 |
| Dunakeszi | 96 | 536 |
| Let’s go | 91 | 434 |
The most expensive settlements in the agglomeration between 2009 and 2019 (Source: Savings Index)
Anyone moving into a conurbation is forced to compromise: one of those essentials is transportation. Savings index analysts have examined two modes of entry:
- public transportation opportunities, and
- Road accessibility of the capital.
In the case of the former, the fastest routes available from the central stop or train station of the settlement in question were compared on a supposed Monday morning at 8-8 o’clock, where the point of arrival in the capital changed depending on the crossing of the capital (eg train station, Kelenföld, Árpád bridge, Örs vezér tér). In the case of road transport, it was examined how long it would be possible to reach Erzsébet Square in Budapest at 8am on Monday morning from the center of the settlement in question.
Even commuters in the fastest available northern settlements spend on average more than 9 days a year on public transportation. In the case of small hard-to-reach settlements in the Northwest, the time spent traveling increases by more than 22 days.
As expected, the relative proximity of the agglomeration settlements to Budapest, that is, their distance from the capital and their transport relationship with the capital, is clearly reflected in property prices.
Travel time shows a strong negative relationship with house prices.
In terms of public transport, compared to settlements accessible in 30 minutes, properties accessible in 30-40 minutes were typically 77 thousand florins cheaper per square meter, in 40-45 minutes the difference was already close to 150 thousand florins, while in 60 minutes the location was 185 it turned out to be cheaper by a thousand guilders. Significant differences in prices can also be detected based on the length of road availability. From where Erzsébet square can only be accessed in 45-50 minutes instead of 40-45 minutes, it was possible to buy real estate on average 74 thousand guilders cheaper in 2019, while the travel time of 50-60 minutes meant a difference of 100,000 florins.
Shopping opportunities can also be an important consideration when choosing a place to live.
The largest chains open their stores according to a well thought out strategy, taking into account the demand in the given settlement. Therefore, it is not surprising that the more populated settlements are better stocked with groceries and other stores, while in the smaller settlements, in many cases, the smaller grocery stores serve only the residents.
Settlements with good transport connections, very close to the capital, such as Budaörs, Maglód, Fót, Budakalász, Csömör, Dunakeszi, Solymár, Törökbálint, Szigetszentmiklós, Dunakeszi, Budakeszi and Vecsés are in a special situation. In addition to the large hypermarkets, there are shopping parks supplemented by other stores, which are designed to serve not only the needs of the settlement in question, but also the entire area, even the districts of Budapest, so they can have a sports store , furniture store and many other business units.
(Cover image: View of misty Szentendre on October 23, 2020. Photo: Balázs Mohai / MTI)
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