Hungarian housing prices jump by 15% in 2018

Hungarian housing prices jump by 15% in 2018

Published at: 2019-05-14 09:58 | Author: CIJ Serbia
Housing prices increased by 15.2 percent in Hungary last year, up from 14.6 percent in 2017, according to the National Bank. In Budapest, prices were up 22.9 percent, a significant jump from the 15.8-percent growth reported in 2017. “Despite the dynamic increase, as a national average housing prices are still below the level justified by the economic fundamentals, while prices in Budapest have exceeded that level by some 15 percent, therefore the risk of overvalued house prices in the capital has increased significantly. However, if we break down the housing market conditions of the capital, we can discover meaningful differences,” the bank writes in its housing market report.

Similar Stories:

CNB: Czech resi market still overpriced
The governor of the Czech National Bank decided to leave mortgage restrictions in place on  »
Eva Jiřična's daring design to replace Prague 3's gloomy 'Mordor'
Eva Jiřična emerged as the winner of an architectural competition by Central Group for a  »
Third phase of Ecocity Malešice tops out
The shell and core of the residential scheme Ecocity Malešice by JRD has been completed,  »
Residential price inflation slowing in Czech cities
Prices of flats rose 6.5 percent in Prague and in the regional cities in 2018, which is th  »
Construction has begun on Bispevika, a brownfield project along Oslo’s waterfront that   »
PSN has sold 350,000 sqm of land to the dominant Czech residential developer Central Group   »
Investors from China, Russia and other countries are leading a growing influx of foreign f   »
Czech Republic  ♦  Round Hill plots European growth
The buildings are located in Helsinki and in regional towns near the south of the country.   »