Housing Index in Hungary increased to 337.54 points in the first quarter of 2025 from 320.75 points in the fourth quarter of 2024. This dataset provides - Hungary House Price Index - actual values, historical data, forecast, chart, statistics, economic calendar and news.

Key information about House Prices Growth

• Hungary house prices grew 12.2% YoY in Sep 2024, following an increase of 12.9% YoY in the previous quarter.
• YoY growth data is updated quarterly, available from Mar 2008 to Sep 2024, with an average growth rate of 8.3%.
• House price data reached an all-time high of 24.9% in Jun 2022 and a record low of -7.8% in Dec 2009.

Graph and download economic data for Real Residential Property Prices for Hungary (QHUR628BIS) from Q1 1992 to Q4 2024 about Hungary, residential, HPI, housing, real, price index, indexes, and price.

The average price of residential property units increased considerably in Hungary. In 2023, the average price for new houses and apartments totaled nearly 63 million forints, while pre-owned homes could be purchased for approximately 30 million forints.

Over the observed period, the largest number of housing market transactions in Hungary was recorded in municipalities included in the family housing subsidy sceme. In September 2023, the number of housing market transactions in Budapest reached **** thousand, marking a decreased compared to the preceding month.

The number of transactions made on the Hungarian housing market over the observed years peaked in 2018 at nearly ******* transactions. As of 2023, the number of transactions totaled approximately *******, marking a considerable decrease compared to the preceding year.

During the observed period, the number of housing market transactions between individuals in Hungary peaked in the second quarter of 2019 at over ** thousand transactions. By the last quarter of 2020, this figure decreased to ** thousand.

Companies operating in the third-party real estate industry have had to navigate numerous economic headwinds in recent years, ranging from rising interest rates, spiralling inflation and muted economic growth. Revenue is projected to sink at a compound annual rate of 3.7% over the five years through 2024, including an estimated slump of 2.1% in 2024 to €196.2 billion, while the average industry profit margin is forecast to reach 34.6%. Amid spiralling inflation, central banks across Europe ratcheted up interest rates, resulting in borrowing costs skyrocketing in the two years through 2023. In residential markets, elevated mortgage rates combined with tightening credit conditions eventually ate into demand, inciting a drop in house prices. Rental markets performed well when house prices were elevated, being the cheaper alternative for cash-strapped buyers. However, even lessors felt the pinch of rising mortgage rates, forcing them to hoist rent to cover costs and pricing out potential buyers. This led to a slowdown in rental markets in 2023, weighing on revenue growth. Revenue is forecast to swell at a compound annual rate of 4% over the five years through 2029 to €238.7 billion. Following a correction during 2024, housing prices are set to being recovering in 2025 as fixed-rate mortgages begin to drop and economic uncertainty subsides, aiding revenue growth in the short term. Over the coming years, Proptech, which has been heavily invested in, will force estate agents to adapt, shaking up the traditional real estate industry. A notable application of Proptech is the use of AI and data analytics to predict a home’s future value.

House Price Index YoY in Hungary decreased to 12.10 percent in the first quarter of 2025 from 15.70 percent in the fourth quarter of 2024. This dataset includes a chart with historical data for Hungary House Price Index YoY.

Real Estate Market Survey: NP: Next 12 Mth: Western Hungary: Residential Unit data was reported at 3.000 % in Apr 2018. This records an increase from the previous number of 2.000 % for Jan 2018. Real Estate Market Survey: NP: Next 12 Mth: Western Hungary: Residential Unit data is updated quarterly, averaging 1.850 % from Jan 2006 (Median) to Apr 2018, with 44 observations. The data reached an all-time high of 7.000 % in Oct 2017 and a record low of -1.500 % in Apr 2009. Real Estate Market Survey: NP: Next 12 Mth: Western Hungary: Residential Unit data remains active status in CEIC and is reported by GKI Economic Research Co.. The data is categorized under Global Database’s Hungary – Table HU.S002: Real Estate Market Survey.

The report covers the Hungary real estate market overall competitive landscape, government role and regulations, trends and developments, market segmentation.

Residential Property Prices in Hungary increased 12.87 percent in December of 2024 over the same month in the previous year. This dataset includes a chart with historical data for Hungary Residential Property Prices.

Real Estate Market Survey: EP: Next 12 Mth: Western Hungary: Warehouse data was reported at 2.000 % in Jan 2018. This stayed constant from the previous number of 2.000 % for Oct 2017. Real Estate Market Survey: EP: Next 12 Mth: Western Hungary: Warehouse data is updated quarterly, averaging 0.000 % from Jan 2006 (Median) to Jan 2018, with 43 observations. The data reached an all-time high of 5.000 % in Jul 2016 and a record low of -9.000 % in Apr 2009. Real Estate Market Survey: EP: Next 12 Mth: Western Hungary: Warehouse data remains active status in CEIC and is reported by GKI Economic Research Co.. The data is categorized under Global Database’s Hungary – Table HU.S002: Real Estate Market Survey.

The Direct Real Estate Activities industry have come up against numerous headwinds in recent years, ranging from the COVID-19 outbreak in 2020 to the high base rate environment in the years since, which has inflated borrowing costs for potential buyers. This is a sharp contrast to the ultra-low interest environment seen over the decade following the 2008 financial crisis. Still, revenue is forecast to edge upwards at a compound annual rate of 0.6% over the five years through 2025 to €622.9 billion, including an anticipated rise of 0.8% in 2025. Despite weak revenue growth, profitability remains strong, with the average industry profit margin standing at an estimated 18.9% in 2025. Central banks across Europe adopted aggressive monetary policy in the two years through 2023 in an effort to curb spiralling inflation. This ratcheted up borrowing costs and hit the real estate sector. In the residential property market, mortgage rates picked up and hit housing transaction levels. However, the level of mortgage rate hikes has varied across Europe, with the UK experiencing the largest rise, meaning the dent to UK real estate demand was more pronounced. Commercial real estate has also struggled due to inflationary pressures, supply chain disruptions and rising rates. Alongside this, the market’s stock of office space isn’t able to satisfy business demand, with companies placing a greater emphasis on high-quality space and environmental impact. Properties in many areas haven't been suitable due to their lack of green credentials. Nevertheless, things are looking up, as interest rates have been falling across Europe over the two years through 2025, reducing borrowing costs and boosting the number of property transactions, which is aiding revenue growth for estate agents. Revenue is slated to grow at a compound annual rate of 4.5% over the five years through 2030 to €777.6 billion. Economic conditions are set to improve in the short term, which will boost consumer and business confidence, ramping up the number of property transactions in both the residential and commercial real estate markets. However, estate agents may look to adjust their offerings to align with the data centre boom to soak up the demand from this market, while also adhering to sustainability commitments.

The real estate transaction value in the real estate market in Hungary was forecast to continuously increase between 2024 and 2029 by in total *** billion euro (+***** percent). After the ***** consecutive increasing year, the real estate transaction value is estimated to reach ***** billion euro and therefore a new peak in 2029. Find further information concerning the real estate transaction value in the 'Residential Real Estate Transactions' segment of the real estate market in Canada and the real estate transaction value in the 'Residential Real Estate Transactions' segment of the real estate market in Spain. The Statista Market Insights cover a broad range of additional markets.

As of January 2022, the average offer price of new dwellings located in Hungary's capital, Budapest, totaled over *********** forints per square meters. At the same time, Debrecen was the second most expensive city on the Hungarian housing market with an average offer price of nearly *** thousand forints per square meter.

House prices in Hungary continued their rapid growth in early 2020, after registering double digit year-on-year figures in 2019. This growth was fuelled by several things, such as improving economic conditions and employment, growing wages, and low interest rates. In Q1 2020, the price of a house in the Central European country increased by around ***** percent year-on-year when adjusted for inflation, but this was a slowdown compared to previous quarters.

Hungary - Housing cost overburden rate: Tenant, rent at market price was 40.60% in December of 2024, according to the EUROSTAT. Trading Economics provides the current actual value, an historical data chart and related indicators for Hungary - Housing cost overburden rate: Tenant, rent at market price - last updated from the EUROSTAT on July of 2025. Historically, Hungary - Housing cost overburden rate: Tenant, rent at market price reached a record high of 49.90% in December of 2010 and a record low of 14.10% in December of 2021.

Real Estate Market Survey: NP: Next 12 Mth: Eastern Hungary: Residential Unit data was reported at 2.000 % in Oct 2018. This records a decrease from the previous number of 3.000 % for Jul 2018. Real Estate Market Survey: NP: Next 12 Mth: Eastern Hungary: Residential Unit data is updated quarterly, averaging 1.150 % from Jan 2006 (Median) to Oct 2018, with 46 observations. The data reached an all-time high of 7.000 % in Apr 2017 and a record low of -3.000 % in Oct 2011. Real Estate Market Survey: NP: Next 12 Mth: Eastern Hungary: Residential Unit data remains active status in CEIC and is reported by GKI Economic Research Co.. The data is categorized under Global Database’s Hungary – Table HU.S002: Real Estate Market Survey.

Real residential property prices Y-on-Y, percent change in Hungary, December, 2024 The most recent value is 8.84 percent as of Q4 2024, a decline compared to the previous value of 9.35 percent. Historically, the average for Hungary from Q1 1993 to Q4 2024 is 2.1 percent. The minimum of -19.55 percent was recorded in Q3 1995, while the maximum of 23.93 percent was reached in Q2 2000. | TheGlobalEconomy.com