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Capital gains in 2016 in the Hungarian Property Market

The national average in 2016 on the value increase of residential properties in Hungary was 15,4%, according to a report by the Hungarian National Bank.   

Capital gains in 2016 in the Hungarian Property Market

To no one's surprise, the growth rate of the housing prices were highest in the capital: the values of residential properties in Budapest last year increased by more than 22%, while those in other major cities averaged around 13%, and only 9% outside urban areas. It is also interesting to look at the specific financial quarters of last year nationwide: in Q4, the prices only increased by 1%, as opposed to Q3's 5,7%. In Budapest, Q4 was down to 1,6% increase from Q3's 4,5%. This is quite telling and shows that the market is somewhat slowing down after a smaller boom in the residential property market in the past 1,5 years. 

To all who might get worried: Budapest has still ways to go, and this slowing down is only a minor correction on the market.   


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