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 Q1 2025 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 ********** forints, while pre-owned homes could be purchased for approximately ********** forints.

Housing Index in Hungary increased to 352.86 points in the second quarter of 2025 from 349.19 points in the first quarter of 2025. This dataset provides - Hungary House Price Index - actual values, historical data, forecast, chart, statistics, economic calendar and news.

The number of transactions made on the Hungarian housing market over the observed years peaked in 2018 at nearly 164,000 transactions. As of 2023, the number of transactions totaled approximately 102,000, marking a considerable decrease compared to the preceding year.

Residential Property Prices in Hungary increased 12.13 percent in March of 2025 over the same month in the previous year. This dataset includes a chart with historical data for Hungary Residential Property Prices.

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

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 2.44 thousand, marking a decreased compared to the preceding month.

Companies operating in the third-party real estate industry have had to navigate numerous economic headwinds in recent years, notably rising interest rates, spiralling inflation and muted economic growth. Revenue is projected to sink at a compound annual rate of 0.6% over the five years through 2025, including an estimated jump of 1.2% in 2025 to €207.6 billion, while the average industry profit margin is forecast to reach 35.1%. Amid spiralling inflation, central banks across Europe ratcheted up interest rates, resulting in borrowing costs skyrocketing over 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 (2021-2023), being the cheaper alternative for cash-strapped buyers. However, even lessors felt the pinch of rising mortgage rates, forcing them to hoist rent prices to cover costs and pricing out potential buyers. This led to a slowdown in rental markets in 2023, weighing on revenue growth. However, this has started to turn around in 2025 as interest rates have been falling across Europe in the two years through 2025, reducing borrowing costs for buyers and boosting property transactions. This has helped revenue to rebound slightly in 2025 as estate agents earn commission from property transactions. Revenue is forecast to swell at a compound annual rate of 3.7% over the five years through 2030 to €249.5 billion. Housing prices are 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—technology-driven innovations designed to improve and streamline the real estate industry—will force estate agents to adapt, shaking up the traditional real estate sector. A notable application of PropTech is the use of AI and data analytics to predict a home’s future value and speed up the process of retrofitting properties to become more sustainable.

House Price Index YoY in Hungary decreased to 15.10 percent in the second quarter of 2025 from 16 percent in the first quarter of 2025. 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 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 modeled to be 11.7 billion U.S. dollars in 2024. Between 2017 and 2024, the real estate transaction value rose by 3.81 billion U.S. dollars, though the increase followed an uneven trajectory rather than a consistent upward trend. The real estate transaction value will steadily rise by 1.72 billion U.S. dollars over the period from 2024 to 2029, reflecting a clear upward trend.Further information about the methodology, more market segments, and metrics can be found on the dedicated Market Insights page on Real Estate.

Among the factors that influence mortgage interest rates are inflation, economic growth, monetary policies, the bond market, the stability of lenders, and the overall conditions of the housing market. It can be seen that the mortgage interest rate in Hungary decreased overall with some fluctuation until the last quarter of 2021. Following an increase, it reached a value of **** percent as of the second quarter of 2023. This was part of an overall trend of increasing mortgage interest rates in Europe.

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.

Hungary - Housing cost overburden rate: Tenant, rent at market price was 43.80% 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 October 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 13.30% in December of 2021.

Real residential property prices Y-on-Y, percent change in Hungary, March, 2025 The most recent value is 6.91 percent as of Q1 2025, a decline compared to the previous value of 11.68 percent. Historically, the average for Hungary from Q1 1993 to Q1 2025 is 2.17 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

Hungary House Price: Average per Square Meter: Primary Market: ow Detached data was reported at 279.000 HUF/sq m th in 2017. This records an increase from the previous number of 241.000 HUF/sq m th for 2016. Hungary House Price: Average per Square Meter: Primary Market: ow Detached data is updated yearly, averaging 228.000 HUF/sq m th from Dec 2007 (Median) to 2017, with 11 observations. The data reached an all-time high of 279.000 HUF/sq m th in 2017 and a record low of 197.000 HUF/sq m th in 2013. Hungary House Price: Average per Square Meter: Primary Market: ow Detached data remains active status in CEIC and is reported by Hungarian Central Statistical Office. The data is categorized under Global Database’s Hungary – Table HU.P004: Average House Price.

Yearly citation counts for the publication titled "Determinants of housing prices from an urban economic point of view: evidence from Hungary".

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.