The Budapest Real Estate Market is close to another psychological border

The Budapest Real Estate Market is close to another psychological border

2025-03-21

After a double -digit rise, the average of the millions of brick homes to be renovated in the capital is approached. According to Danube House, 8%of Budapest contractors decided to buy such a quality apartment, most of which were searched for investors and the first apartment authors.

Since the 2022 energy crisis, a trend that has been strengthened throughout the country is that the attention of real estate buyers turns to homes and houses with better energy parameters, but classified as "good" or "very good". "This is no different in the capital, where, in addition to better-and-relocated homes, demand is increased to newly built apartments, while the proportion of properties to be renovated on the other side of the quality scale has still been 7-8%of the sales in Budapest," said Ferenc Máté.

Despite the more subdued demand, the price increases are not avoided: the average square meter of capital homes in need of modernization and aesthetic wrinkle stitching after 12%of the previous year's average is only 990-99 thousand forints.

"Coordination of a complete renovation of a property requires attention, competence and time. It is understandable that most investors undertake the task: in 2024, 55%and 75%this year are contracted for investment purposes. the expert.

Last year, customers spent an average of HUF 50.5 million for the purchase of real estate to be renovated, and this year this amount was close to HUF 60.5 million.

https://mmonline.hu/cikk/ujabb-lelektani-hatarhoz-kozelit-a-budapesti-ingatlanpiac/