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Budapest’s housing prices are the fastest growing, demand increases as well

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.

 

Budapest’s housing prices are the fastest growing, demand increases as well

 

In the recent year, the city of Budapest stayed in the top 10 of price growth in the last five continuous quarters. As stated in the real estate report, European and Asian countries are on the current top 10 lists. Budapest is followed by the dynamically developing Chinese metropolis, Xi'an, where the price increase is 22.4%. They are followed by the Dutch city Rotterdam with 15.7% and Porto in Portugal with 15.6%.

 

Overall, the price increase is decreasing on a global level, 79% of the cities have increased in home prices in 2018, while in 2017 this was more significant, 87%.

 

Demand in the Hungarian residential property market keeps growing in 2019, according to sources - not only in the newly built homes category, but in other segments of the real estate market as well, even in mortgages are on the rise.

 

Would you like to know more about housing prices in Budapest? Read one of our previous articles if you want to know what to expect in the capital’s residential property market in 2019.




 

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