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Home prices increase 6.7 percent in September

Prices of homes in Budapest averaged HUF 1,070,000/sqm at the start of October but were as high as HUF 1,730,000/sqm in central District V.

Hungary’s house prices rose 6.7 percent year-on-year in September.

Listings site ingatlan.com said on Thursday that home prices in the capital climbed 9.1 percent and price growth continues to accelerate.

Prices of homes in Budapest averaged HUF 1,070,000/sqm at the start of October but were as high as HUF 1,730,000/sqm in central District V.

In Debrecen, Hungary’s second-biggest city, home prices averaged HUF 839,000/sqm. Homes were the cheapest in Salgotarjan (NE Hungary) at HUF 282,000/sqm.

Next year, ingatlan.com will augur a 10-15pc increase in home prices.

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