The correction following the coronavirus crisis was made with high probability of differences between rural and metropolitan properties. The average price per square meter of second-hand properties advertised in an agglomeration may exceed rural supply prices by up to one and a half times.

According to the analysis of the real estate advertising portal, the rate of national price increase is on average 5.2%. However, according to some real estate market forecasts, further price increases in the domestic real estate market are expected by the end of the year.

But how many monthly average earnings does a property in the border counties make and how long should it be saved?

Nearly half a million forints per square meter on average in each county

There is no question that the agglomeration surrounding the capital is the most expensive region in Hungary compared to the average prices per square meter. In Budapest, according to ingatlannet.hu statistics, the average square meter of a property in the previous month was 811 thousand forints (2,266 euros). In contrast, the whole survey of smaller settlements in the agglomeration costs on average HUF 489 thousand per square meter (1 366 euro) requested by advertisers.

In the market outside the capital, the supply prices of Győr-Moson-Sopron county prove to be one of the most expensive based on the average prices of the county. Real estate at the same level as the national average price has increased by an average of 9.2% in recent months, bringing the average price per square meter at the county level to almost half a million forints.

If you are planning to buy real estate in some of these regions, you will certainly have to save a considerable amount of money. The average supply price of garden houses in these regions is approximately HUF 50 million (139 750 thus the average salary of the Budapest region in the first half of 2021 – ie by HUF 351 thousand (981 12 full years of full monthly payments should be set aside.

In the second-hand housing market, slightly cheaper, on average HUF 30 million (EUR 83 850) for a fee we can get our own property, which costs 7 years of full average salary in Budapest.

In the middle field Komárom-Esztergom county

In Central Transdanubia, the average price per square meter is slightly below the national average. According to the data of the portal, the average price per square meter measured in the previous month is HUF 380 thousand (EUR 1 062) while in the Central Transdanubia region as a whole it was HUF 468 thousand (1 308 euro).

Second-hand houses in and around Esztergom cost approximately HUF 30 million (EUR 83 850) with the average net earnings of the first half of the year measured by the CSO in the county – ie by HUF 281 thousand (785 calculated as a house with a garden can be covered by a total average salary of roughly 9 years. Housing prices are also slightly cheaper here, based on current data for an average of HUF 25 million (EUR 69 875) will be announced. If we were to buy an apartment in Komárom-Esztergom county, a total average salary of 7 years may be sufficient.

Real estate prices are the lowest in the Northern Hungary region

In Hungary, in the northern part of the country, the square meter of used residential real estate costs one third compared to the national average price. In the first month, the average price per square meter measured in the region was HUF 232 thousand (EUR 648) while in Nógrád county it was 150 thousand forints (EUR 419) nor did he reach. The average supply price in the second-hand housing market in the northern region is HUF 20 million (55,900), so if we move to this region, we can get our own property for an average salary of up to 8 years.

(Felvidék.ma)