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2024-11-21
Demand for the real estate in the capital's agglomeration area has increased, and 66%more property compared to 2022 compared to 2022. The square meter price increased by 10%to HUF 650,000, examining the total agglomeration. The Southern agglomeration area was the most popular among the Danube House customers. Those who choose the agglomeration contracted for their new home at a purchase price of between 12 and 440 million HUF.
The property market in Budapest's surrounding area has seen more transactions in 2024, influenced by factors like cleaner air and more spacious living conditions. These factors, combined with home purchase subsidies and favorable loan rates, have contributed to the rising demand, said Ferenc Máté, Deputy CEO of Duna House.
Although the previous strong migration trend has slowed, the number of transactions from January to October 2024 surpassed 2022 by 6% and 2023 by 26%, according to Duna House data.
In response to the growing demand, the average price per square meter in the agglomeration rose to 650,000 HUF, a 10% increase, while the average price of properties jumped from 59.5 million HUF to 70.2 million HUF.
The northern sector saw nearly a 20% increase in average square meter prices, reaching 600,000 HUF, while the southern and southeastern sectors saw price hikes of 10-12%. In contrast, buyers in the eastern sector paid 6% less, averaging 613,000 HUF per square meter.
In 2024, the western sector remains the most expensive, with an average price of 739,000 HUF per square meter, up 7% from 2023. However, the northwest sector continues to lead in property value, with average prices rising from 74.3 million HUF to 91.1 million HUF. For buyers seeking more affordable options, the southeastern sector offers a lower cost, with prices at 560,000 HUF per square meter.
The most expensive property was sold in the northwest sector for 2.1 million HUF per square meter, while the least expensive was in the western sector at 169,000 HUF per square meter.
Among Duna House clients, the southern sector was the most sought-after, with 28% of buyers choosing it. The southeastern sector attracted 20%, while 15% chose the western, and 14% each opted for the northern and northwest sectors. The remaining 9% bought in the eastern sector.
https://www.portfolio.hu/ingatlan/20241121/mennyiert-vehetunk-most-hazat-a-fovarosi-agglomeracioban-724658
