Real estate prices in Hungary vs. Europe
Areas of Hungary with prices
Real estate prices in Hungary vs Europe
Hungary is located in Central-East Europe. The real estate prices in Hungary started to rise in the last few years, but still quite low compared with other European countries.
The average price of residential properties (in cities) is 2515 EUR (statisa.com, 2020 September). Compared with other Central-European countries Hungary is the cheapest! Poland is 2793 EUR, Slovakia 2911 EUR, Slovenia 3657 EUR, Czech Republic is 6688 EUR, and way-way cheaper than West-Europe, such as Austria 9609 EUR, Germany 5907 EUR, and Netherland 6902 EUR.
Hungary is developing more and more. Infrastructure developed a lot in the last 10 years and more job opportunities for foreigners (mostly in Budapest and Győr).
Real Estate prices in Hungary
There are so many wonderful places to live in Hungary. The good news is that everybody can find his own suitable home in Hungary. There are pulsating cities full of energy, calm and quiet, waterside cities, and enchanting small towns, villages.
Budapest
The capital is the most attractive destination for foreigners in Hungary. Budapest has 2 million inhabitants and a lot of places to discover. Budapest is alive day and night. Has a rich cultural and historical heritage.
Let’s see the prices!
Budapest – The capital is the most attractive destination
Avg. real estate price in
- downtown – 3200 EUR/m2
- downtown – new built – 4500 EUR/m2
- city centre – 2300 EUR/m2
- city centre – new built – 3100 EUR/m2
- suburban, garden city – 1800 EUR/m2
- suburban, garden city – new built- 2200 EUR/m2
Balaton
Balaton is the largest lake in Central Europe located in Central Hungary about 80 km to the southwest to Budapest. The lake is warm in the summer and frozen in winter. It provides a magnificent view and activities all over the year. There are ancient fortresses, world-famous vineyards, and historical towns.
Balaton – The largest lake in Central-Europe
Prices can be various around Balaton. Let’s check the average prices of the most attractive destinations.
Siófok
Siófok is the largest city with famous nightlife. Its recommended for the youngers, or investors mostly.
The average price is 3000 EUR/m2.
Keszthely
A calm, friendly city with a cozy old town and an impressive castle.
The average price is 1400 EUR/m2.
Fabolous castle in Keszthely
Average price in other cities around Balaton:
- Balatonfüred – 3000 EUR/m2
- Balatonlelle – 2200 EUR/m2
- Balatonalmádi – 2250 EUR/m2
- Balatonboglár – 2345 EUR/m2
- Fonyód – 1800 EUR/m2
Győr
Győr is the 6th largest city in Hungary, located in North-West Hungary, between Budapest and Vienna. It has historical monuments and a well-preserved baroque city center. Also known as the City of Water as it lies at the bank of river Rába and the Moson-Danube. Győr has a huge industrial park where well-known companies working such as Audi, Coca-Cola, Henkel and so many others. They provide high salaries and job opportunities for foreigners as well.
Győr is very close to the Austrian border, therefore the price of the properties are slightly higher than similar-sized cities in Hungary, but it provides so much more.
The average price is in Győr – 1600 EUR/m2.
Győr – City hall and main square
Debrecen
Debrecen is the 2nd largest city in Hungary with 200 000 inhabitants, located in East-Hungary. Debrecen can be reached by new highway and a great advantage that it has an international airport. Debrecen exudes the feel of a pleasant provincial town with its colorful piazzas and spacious parks. At the same time, it also serves as Eastern Hungary’s commercial, administrative, cultural, and educational center. The presence of several multinationals as well as the university, with a student population of 30 thousand, including thousands of overseas students, lends a cosmopolitan atmosphere to the city. This is further accentuated by international sporting and cultural events. In addition to the internationally renowned annual Debrecen Flower Parade on August 20, the whole year is packed chock-full with boisterous festivals of cultural and gastronomic interest. However, the city is large enough to fully accommodate those who would rather get away from it all and find safe havens devoid of the noise of weekdays.
Debrecen – The famous flower carnival is a must-see festival in Hungary
Average property price in Debrecen: 1600 EUR/m2
It was just a few destinations to mention and there are so many more lovely and friendly places in Hungary.
If you are interested to buy a home, holiday apartment, or invest in real estate in Hungary, I can help you to find the most suitable property by your demands.
