A flat has entered the square meter of new constructions in Budapest
This specific price increased by 26, specific 5 compared to the same period of the previous year, but compared to the third quarter of 2022, it only increased by 3.5 years. All this indicates that the rate of growth has slowed down in recent months, said Gábor Soóki-Tóth, the Home Center head of analytics, according to the statement.
The real estate brokerage network measured a significant price difference between the districts, the average prices per square meter varied between HUF 948,000 and nearly HUF 2.9 million.
Downtown is the most expensive
In the order of the most expensive districts, district V leads with a specific price of HUF 2.895 million, followed by district II. district with HUF 2.71 million, third in the row with HUF 2.63 million in District I. In the other Buda and downtown districts, it was around HUF 1.5 million newly built apartments per square meter, while in the outer districts of Pest and the XXII. in the district, prices of around HUF 1 million per square meter are typical. The cheapest is still XXIII. district with an average of HUF 948 thousand.
Last year, in the fourth quarter, 346 new housing investments were underway in Budapest, of which 27,900 apartments are being built.
They pointed out that the XIII. is being built in the district, which has been stable in the first place for years. In second place is XI. district with 43 investments and 5,600 apartments under construction. The fewest projects and apartments are built in District V, where apartments are offered in only one project.