Someone bought a house in Budapest for nearly one billion
Nearly 1,400 square meter office building, 780 million Buda luxury, apartment for 2.3 million square meters? So, let’s see the composition of the capital city!
In his real estate brokerage company, he highlighted that the uncertain economic environment, soaring loan interest rates, and the cancellation of overhead reductions put an end to the rise of the first quarter, and the announcement of a gradual decrease in demand turned both the entire domestic and the capital’s real estate market into a slowing supply market. The importance of energetic parameters has also transformed demand, downtown apartments of 20-40 square meters came to the fore, but during the year, of course, properties with larger floor areas were not left without a new owner either – the experts drew attention.
The capital vultures
The largest floor area, property sold on the Buda side a 1,356-square-meter office building near Bécsi út, for which the buyer paid HUF 410 million, making this property the lowest-priced property in Buda in 2022. While the apartment has the smallest floor area, for an apartment in Buda an 18 m2The seller received HUF 827,000 per square meter for a brick-built mini-studio in good condition.
Between the districts of the Pest side the property with the largest floor area, a 750 square meter, habitable, XIX. district monster, which sold for HUF 98 million, i.e. a little more than HUF 130,000 per square meterwith this, it also won the title of the lowest price square meter property in Budapest sold this year.
The square meter price is one, they paid for a one-and-a-half-room apartment with a wonderful panorama overlooking the Buda mountains, which is a real specialty, since it is located in the castle. The 52-square-meter curio in very good condition found a new owner for 120.5 million forints, that is, more than 2.3 million forints were paid per square meter.
On the Pest side, a XIII. district apartment won this title. The 105-square-meter, newly built apartment was sold for 241 million forints, i.e. prices of nearly 2.3 million square meters for the apartment with an unmissable Danube panorama, which includes two large parking spaces and a storage room.
The survey also reveals that this property was also awarded the title of newly built, capital city apartment for sale at a selling price in 2022, while the new one purchased for the lowest price was intended for investment.
It was an 18-square-meter small apartment on Váci Street, for which HUF 22.1 million was paid, i.e. 1.23 million per square meter.
Prices have skyrocketed: you have to pay one million per square meter for a used Budapest studio
In 2022, the staff of the real estate agency also met a client who would have preferred to pay less per square meter, but has a larger floor area and envisioned a newly built home. In this case, the client was forced to compromise and search in the outer districts of the city. Finally, at a price of HUF 440,000 per square meter, a XVII. was able to acquire a 222 square meter newly built semi-detached house in the district with a modern heat pump heating system for a purchase price of HUF 98 million.
The amount, nearly HUF 780 million for a 340-square-meter apartment with a jacuzzi, pool, in very good condition, II. paid for a luxury smart home in the district, a transaction costing nearly HUF 2.3 million per square meter – Duna House announced.
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