In the first half of the year, the price increase of resale properties was 8.2%, compared with a 5.9% increase over the 2017 period. Official statistics show a 7.6% increase in new apartment prices, as opposed to a 6% increase in the last year.
Based on the report, the first half of this year, resale homes in Budapest were on average 26.6 million HUF, which means 2.2 million HUF more than in 2017.
These up-to-date data are consistent with the rise in Budapest housing prices in recent years. It is difficult to predict the future of the real estate prices, but as we have already discussed, prices can be expected to increase even more as a result of the end of the 5% new residential property VAT period.
Source: MTI
