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.

The property of January is an ideal choice for those looking for a quiet, comfortable home or an investment in the lively part of Budapest, close to the downtown.

Budapest is a truly European capital, which besides attracting tourists with countless attractions, provides a livable environment for the people living here in the heart of the city. 

According to the report released by the Hungarian National Bank (MNB), the Hungarian housing market continued to intensify in the first half of 2018, which in addition to the dynamic rise in the apartment prices, was reflected in the increase in the sales volume.

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.

The property of November is an excellent choice with its uncommon layout for those looking for a unique home and the first-rate investment in one of Budapest's most beautiful neighborhoods.

According to the most recent data of Central Statistical Office (KSH), the pace of price increases of residential properties in Budapest, Hungary was exhilarated again in 2018. As reported by KSH, in the first half of the year, 59 000 homes were sold in the country, it means a 7% rise compared to last year.

Budapest welcomes the locals and the visitors with beautiful buildings and amazing sights, but sometimes, besides the great hustle and bustle, the proximity of nature is a welcomed gift.

The property of October offers a great opportunity for people who dream of their new home in a beautiful and unique environment or looking for an excellent investment.

In recent years, more and more investment properties popped in downtown Budapest to serve the needs of travelers who rather avoid hotels and opt for short term vacation rental apartments.

According to the summer announcement, the government does not intend to extend the validity period of the 5% VAT on new residential properties which is in effect until December 31, 2019.