Property market is booming

Demand grew in the first two months of 2025 and the feared trend reversal did not materialise in March either. An estimated 12,200 sales were registered – 7% more than in the previous month and 10% more than in March 2024. The experts at Duna House expect rising prices to lead to a decline in demand in the coming months.

In Budapest, the average price per square metre for new flats is more than 1.6 million forints (approx. 3,900 euros). The 2nd district is the most expensive at more than HUF 3 million per square metre. For the first time, no district in Budapest is offering more new flats at prices below 1 million forints per square metre. Nevertheless, two thirds of the flats advertised were sold almost immediately. In the capital, almost 45% of purchases were for investment purposes, while in rural areas one in three transactions was an investment. First-time buyers spent an average of HUF 67 million in the capital and HUF 38.7 million in rural areas.

Demand for larger flats with living space of 80 m2 or more continued to rise, while transactions in the 40-60 m2 category declined. The average sales time nationwide was around 2-3 months for prefabricated flats and 4 months for flats in traditional solid construction.

According to Credipass, residential construction loans totalling 125 billion forints were taken out in March 2025 – an increase of 28% on the previous year. The average loan amount reached 31.5 million forints in Budapest and 21-22 million forints in rural areas.