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Budapest Housing Prices Decline for Third Month
๐Ÿ‡ญ๐Ÿ‡บ Hungary /Economy & Trade

Budapest Housing Prices Decline for Third Month

From Magyar Nemzet · () Hungarian

Translated from Hungarian, summarized and contextualized by DistantNews.

At a glance

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  • Housing prices in Budapest have been declining for three months.
  • In provincial cities, Debrecen remains the most expensive county seat with a median price of 1.04 million forints per square meter.
  • Salgรณtarjรกn, Bรฉkรฉscsaba, and Kaposvรกr are among the cheapest county seats, with median prices between 312,000 and 609,000 forints per square meter.

While Budapest's housing market sees a three-month decline in prices, provincial cities present a varied picture. Debrecen leads the pack as the most expensive county seat, boasting a median price of 1.04 million forints per square meter as of early July, with 4,375 used residential properties on offer.

Pรฉcs follows with nearly 4,000 listings, where buyers could find properties at a median price of 900,000 forints per square meter, comparable to Budapest's XXIII district. Szeged offered 2,941 properties at a median price of 980,000 forints per square meter.

Nyรญregyhรกza had 2,098 listings with a median price of 0.8 million forints, and Gyล‘r presented 1,965 listings with a median of 0.9 million forints. At the lower end, Salgรณtarjรกn, Bรฉkรฉscsaba, and Kaposvรกr are identified as the most affordable county seats, with median prices ranging from 312,000 to 609,000 forints per square meter, according to data from ingatlan.com.

DistantNews Editorial

Originally published by Magyar Nemzet in Hungarian. Translated, summarized, and contextualized by our editorial team with added local perspective. Read our editorial standards.