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Courtyard of an apartment house in Budapest

Hungary Tops List of House Price Increases in Europe

Aug 8, 2022

Over the past seven years, Hungary has seen the largest increase in house prices among EU countries, according to data published by Eurostat. In the first quarter of this year, the price of new dwellings rose by 19% year-on-year, while the price of second-hand dwellings increased by 20%, with prices up by 7.3 and 4.8% […]

Housing Construction Drops in Hungary in 2021

Feb 24, 2022

In 2021, 19,898 new dwellings were built, 29% less than a year earlier. Based on issued dwelling construction permits and simple declarations, the number of homes to be built increased by 33% to 29,941 compared to 2020, the Central Statistical Office reports In Budapest, 7,038 dwellings were built, 11% more than in 2020. In all […]

Residential building in Budapest

Housing Too Expensive in Hungary

Jun 2, 2020

Housing-related costs have increased disproportionately in Hungary in relation to family income. As a result, many households are unable to raise the payment of own resources for the purchase of their own home, they are forced to rent a home for lack of a better solution. However, an analysis by Deloitte Hungary says, renting is […]

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