Property prices around Lake Balaton attacking Budapest levels

Property prices around Lake Balaton attacking Budapest levels

Published at: 2019-06-19 09:52 | Author: CIJ Serbia
According to a new report by Duna House, property prices in the Lake Balaton area are continuing to rise, with prices now similar to those in Budapest. The highest prices are found along the northern shore of the lake in Balatonfured where demand is high for new as well as for existing properties. Older home prices jumped 20 percent in the last year to reach HUF 511,000 per sqm. New properties close to the lake, meanwhile, can sell for as much as HUF 1 million per sqm. The biggest increase came in Fonyod and Keszthely where prices increased by 50 percent. In Fonyond the current average price per square meter is HUF 350,000 and only slightly less (HUF 317,000). In Balatonfured the average sale price for houses is HUF 41.5m.

Similar Stories:

Croatian housing prices rise 7.4 percent in Q1
Housing prices rose 7.4 in Croatia during the first quarter 2019 compared to Q1 2018. In Z  »
Foreigners buying homes in large numbers in Istria
Wealthy people from around the globe are piling into the Istrian region of Croatia in orde  »
Brno residential prices hit CZK 80,000 per sqm
Prices for new flats in Brno have reached CZK 80,000 per square meter, but this hasn'  »
Czech mortgage loan rates fall for 5th straight month
One of the reasons Czech National Bank began raising interest rates last year was an attem  »
Where do you see your company going over the next two years? Since I became GM of the co   »
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   »