The rise in the Hungarian capital’s housing prices has reached a record level: according to the Global Residential Cities Index from Knight Frank, Budapest property prices rose 23% in 2018.

After five years of massive growth in the residential property market, it reaches a psychological limit of 1 million forints per square meter of more and more downtown apartments.

According to the "Global Residential Cities Index - Q3 2018." report by Knight Frank, Budapest shows the highest 12-month residential property price growth in Europe.

Budapest is not only the favorite choice of tourists in the region but the Hungarian capital is also the top pick among real estate investors. According to the latest data, in the Central-European region, Budapest provides the best value for money if you are thinking about buying an apartment in the city center.