Prefabricated 'Panel' Flat Prices Decrease
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The prices of prefabricated apartments in the capital decreased by an average of 3% per sqm in 2023, after the 32% increase experienced in 2022, according to data from Duna House, writes profitline.hu.
They added that properties of this type, with an average floor area of 54 sqm in Budapest, were sold last year for an average price of more than HUF 701,000 per sqm, and an average purchase price of around HUF 37.8 million.
The energy crisis created as a result of the war in Ukraine put low-energy real estate in the center of attention, meaning that the "stars" of the second half of 2022, in addition to new builds, were affordable housing units with favorable maintenance costs for a broader range of customers.
However, due to their "maintenance-protected" label, the square meter prices of apartments in the capital's housing estates rose by an average of 32% in 2022 compared to 2021 due to increasing demand.
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