Hungarian real estate price increase higher than anywhere in Europe

Hungarian real estate price increase higher than anywhere in Europe

According to the latest statistics of Eurostat, the price of Hungarian properties increased the most compared to 28 other European countries. There are also significant differences regionally; the price of an apartment in Budapest equals that of five properties in Nógrád county.

Property prices in the third quarter of 2016, when compared to the prices of the period a year before, have increased by 11.6%, which far exceeds the 4.3% average in the rest of the EU. The only other countries to report a more than 10% increase are Latvia and Iceland.

Since 2010, the countries of Northern Europe and the Baltic region take the lead. In this comparison, Hungary is in the middle of the list with a 20% increase in the past 6 years.

If you are looking for a residential, holiday home or investment opportunity in Hungary, we have a large selection of properties. Please refer to our website www.ecsmproperty.uk for a selection of properties or contact us with your requirements and our multilingual team will be on hand to assist you.

10 Aug 2017

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