The price per square metre of second-hand apartments in Debrecen has also exceeded HUF 1 million

In October, house prices increased by just 0.2% nationwide, while in Budapest they essentially stagnated for the third consecutive month, according to the latest housing price index published by ingatlan.com. Nationwide, annual price growth slowed from 8.2% in September to 6.9%, marking its lowest level in more than two years. In the capital, the annual rate of price growth fell to 1.8%, a level not seen since December 2023, according to the latest analysis released on Wednesday by the real estate listing portal.

At the beginning of November, the median price per square metre for second-hand apartments and houses listed for sale in Budapest stood at HUF 1.4 million, essentially unchanged from a year earlier. The most expensive district remains District V, where the median price per square metre is close to HUF 2 million. Among the least expensive districts are District XXI and District XX, where the median price per square metre is approximately HUF 1.03 million in both.

Newly built apartments are more expensive: the median price per square metre in Budapest is HUF 1.72 million, 4.5% higher than a year earlier. District II is the most expensive, with a median price of HUF 3.1 million per square metre.

Among Hungary’s county capitals, the five cities with the largest property listings are Debrecen, Szeged, Győr, Pécs and Nyíregyháza. For second-hand apartments and houses, the median prices per square metre are as follows:

Debrecen: HUF 1.02 million (approx. 2792,59 EUR)
Szeged: HUF 960,000
Győr: HUF 950,000
Pécs: HUF 800,000
Nyíregyháza: HUF 790,000

In terms of the supply of newly built apartments, Debrecen, Győr, Szeged, Pécs and Székesfehérvár occupy the top five positions. The median prices per square metre in these cities are HUF 1.38 million, HUF 1.28 million, HUF 1.39 million, HUF 1.14 million and HUF 1.17 million, respectively.

The October figures also signal the beginning of a new phase in the property market. The Otthon Start Programme is being replaced by the Wekerle Plusz Programme, which could stimulate property purchases by offering government-subsidised fixed-interest loans at 3% for newly built homes and 5% for second-hand properties. The interest-rate advantage could also shift demand towards newly built properties, according to ingatlan.com, the real estate listing portal.

(MTI)