Investors Flock Back to Budapest’s Real Estate Market



Investors have started returning to the real estate market in the capital city of Hungary, accounting for 41 percent of transactions in September. This is down from a peak of 55 percent last October, but it is the third strongest month this year. Last year, 27 percent of all transactions in Hungary were for non-owner occupied housing, but this fell to 22 percent in the first three quarters of this year. The most popular locations for investment properties in the capital were the 7th, 8th, 13th, and 6th Districts. Outside Budapest, 23 percent of people invested in property between July and September. In areas outside the capital, the share of investment properties accounted for a fifth (21 percent) of all transactions in September, up from a peak of 38 percent in January. The 13th District was the most expensive, with average prices per square meter exceeding HUF 1.1 million (EUR 2,900).

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