Buyer interest in prefabricated apartments has halved, after the average price per square meter of these properties rose by 30% in the first quarter compared to the previous three months, and now exceeds HUF 1 million, real estate broker Duna House told MTI on Monday. They pointed out – based on their own data – […]

13,617 new homes were built in the first three quarters of 2022 in the capital, 7.7% more than a year earlier. The number of dwellings to be built under construction permits issued and simple declarations was 25,984, 16% more than in the same period of 2021, the Central Statistical Office reports. In the first three […]

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% […]

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 […]

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 […]

The Hungarian government has decided to re-launch forint-denominated state-subsidised home loans that will be available for the purchase of both new or used homes. Also, there will be housing subsidy on social grounds.