No new homes in Budapest below HUF 20 mln

The continuous rise in real estate prices in Budapest is pushing buyers outside the capital city, where homes are somewhat more affordable. Small flats have also been in higher demand recently. According to quarterly data published by the Central Statistical Office (KSH), the composition of sold homes has shifted towards lower-value real estate, resulting in an only modest growth in the average price of used homes last year of 2.8% compared to 2016.


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