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Housing price growth coupled with rapid growth
Residential property prices are rising at a dizzying pace, but there are significant regional variations across the country.
Western Hungary
- The region has seen particularly strong price growth, with house prices rising to almost unattainable heights.
- Demand for new-build housing is steadily increasing, which is further driving up prices.
Other areas
- Eastern Hungary is experiencing a slower pace of price increases, although the impact of price rises is also being felt here.
- Central Hungary has already been experiencing high prices, but here too prices have accelerated recently.
Analysts expect house prices to rise further in the coming months, posing a new challenge for buyers and the property market.
Source: www.nyugat.hu