Second-hand apartments more expensive
Second-hand apartments in Budapest became more expensive, but the growth rate of the price increase experienced before the epidemic has slowed, Gábor Soóki-Tóth, head of analysis at Otthon Centrum, said in his summary of the market during the first four months of the year, business daily Világgazdaság reports.
According to the sales data of the real estate network, the average price per square meter was HUF 835,000 in Buda, HUF 762,000 in the city center, and HUF 606,000 in the outer districts of Pest.
This translates as a 5% decrease in the city center, a 5% increase in the outer districts of Pest, and a 6% increase in Buda compared to the first four months of 2020.
SUPPORT THE BUDAPEST BUSINESS JOURNAL
Producing journalism that is worthy of the name is a costly business. For 27 years, the publishers, editors and reporters of the Budapest Business Journal have striven to bring you business news that works, information that you can trust, that is factual, accurate and presented without fear or favor.
Newspaper organizations across the globe have struggled to find a business model that allows them to continue to excel, without compromising their ability to perform. Most recently, some have experimented with the idea of involving their most important stakeholders, their readers.
We would like to offer that same opportunity to our readers. We would like to invite you to help us deliver the quality business journalism you require. Hit our Support the BBJ button and you can choose the how much and how often you send us your contributions.