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.
