Compared to the data of a year ago, the construction of fewer new dwellings has started, but according to the Otthon Centrum’s summary of county-level cities, 19 percent more projects were launched in the third quarter than in the same period of the pandemic year 2020. Prices also fluctuated, the average supply per square meter of a newly built dwelling in the county capitals increased by 12.9 percent in one year, Székesfehérvár was first surpassed by Debrecen and became the most expensive county town with new dwellings.
Otthon Centrum’s experts summarized the online housing projects advertised online in the county’s expectations: 281 condominium projects were available in the third quarter of the year, of which 7,100 new dwellings were built, of which 3,247 dwellings, 45.8 percent of the construction stock, were vacant. These figures are lower than in the survey a year ago, when 8,100 flats were built in 293 projects and 50.9 per cent of the stock, 4,100 flats, were vacant.
Most of the projects and flats are located in the larger rural cities, the order is Debrecen, Szeged and Győr. There are 106 projects in progress in the three cities, which is almost 38 percent of the projects published online, while the 2,929 homes under construction in the three cities account for 41 percent of all homes under construction.
The fewest projects (1) and flats are located in Szekszárd, while in Dunaújváros and Salgótarján the construction of a single four-flats residential project is not known.
Positive change is needed so that until 2020 III. 31 projects were launched in Q1 and 37 in the same period in 2021, an increase of 19 percent. Gábor Soóki-Tóth, the head of analysis at Otthon Centrum, said the increase in the number of projects shows that the real estate market has been dominated by labor shortages, the virus has been constrained by the continued favorable market climate.
However, in addition to the project numbers, prices are also rising: one square meter is offered at the county seat at an average value of HUF 694 thousand, which is 12.9 percent better than the average price a year earlier.
The average supply price of county seats is wide, the most expensive is Székesfehérvár, which shows a trend reversal: the average 892 thousand forints per square meter measured in the city for the first time than the long-leading Debrecen, where this value is now 873 thousand forints, while the third most expensive city is Veszprém 781 with a specific price of one thousand forints.
The most expensive project is still the priority of Debrecen, the specific offer price of HUF 1.5 million is the highest among the county seat, and four of the five most expensive projects are also located in the city. The cheapest city is Hódmezváráshely with an average of 438 thousand forints, followed by Nyíregyháza with 508 thousand forints and Eger with 513 thousand forints. The cheapest residential project is being built in Zalaegerszeg with a supply price of HUF 350,000 per square meter.