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.

The real estate transaction value in the real estate market in Hungary was forecast to continuously increase between 2024 and 2029 by in total 1.6 billion euro (+14.75 percent). After the sixth consecutive increasing year, the real estate transaction value is estimated to reach 12.45 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.

Housing Index in Hungary increased to 309.11 points in the third quarter of 2024 from 306.94 points in the second quarter of 2024. This dataset provides - Hungary House Price Index - actual values, historical data, forecast, chart, statistics, economic calendar and news.

The volume of investments on the Hungarian retail real estate market peaked in 2018 at 755 million euros. However, this figure fluctuated over the following years and totaled 302 million euros in 2022.

Graph and download economic data for Real Residential Property Prices for Hungary (QHUR628BIS) from Q1 1992 to Q3 2024 about Hungary, residential, HPI, housing, real, price index, indexes, and price.

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.

Real Estate Market Survey: EP: Next 12 Mth: Eastern Hungary: Building Plots data was reported at 1.000 % in Oct 2018. This records a decrease from the previous number of 3.000 % for Jul 2018. Real Estate Market Survey: EP: Next 12 Mth: Eastern Hungary: Building Plots data is updated quarterly, averaging 3.000 % from Jan 2006 (Median) to Oct 2018, with 38 observations. The data reached an all-time high of 10.000 % in Apr 2016 and a record low of -5.000 % in Oct 2014. Real Estate Market Survey: EP: Next 12 Mth: Eastern Hungary: Building Plots 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 highest investment volume on the Hungarian hotel real estate market was recorded in 2019 at over 240 million euros. In 2022, this figure totaled 82 million euros, marking a considerable decrease compared to the previous year.

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.

In the last quarter of 2023, the prime yield in the Budapest hotel market totaled 7.5 percent. During the same period, industrial and logistics properties had a prime yield of seven percent.

Hungary Real Estate Market Survey: EP: Next 12 Mth: Office Space data was reported at 3.000 % in Oct 2018. This records an increase from the previous number of 1.700 % for Jul 2018. Hungary Real Estate Market Survey: EP: Next 12 Mth: Office Space data is updated quarterly, averaging -0.450 % from Jan 2006 (Median) to Oct 2018, with 46 observations. The data reached an all-time high of 5.000 % in Jan 2018 and a record low of -8.000 % in Apr 2009. Hungary Real Estate Market Survey: EP: Next 12 Mth: Office Space 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 value of investments on the Hungarian commercial real estate market totaled at 900 million euros in 2022. The office segment attracted the biggest share of the investments, followed by retail.

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

Hungary Real Estate Market Survey: EP: Next 12 Mth: Warehouse data was reported at 1.300 % in Jan 2018. This records a decrease from the previous number of 3.000 % for Oct 2017. Hungary Real Estate Market Survey: EP: Next 12 Mth: 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 3.700 % in Jul 2017 and a record low of -5.000 % in Apr 2009. Hungary Real Estate Market Survey: EP: Next 12 Mth: 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.

Real Estate Market Survey: EP: Next 12 Mth: Eastern Hungary: Office Space data was reported at 3.000 % in Oct 2018. This records an increase from the previous number of 1.000 % for Jul 2018. Real Estate Market Survey: EP: Next 12 Mth: Eastern Hungary: Office Space data is updated quarterly, averaging 0.000 % from Jan 2006 (Median) to Oct 2018, with 46 observations. The data reached an all-time high of 4.000 % in Jul 2008 and a record low of -7.000 % in Jan 2010. Real Estate Market Survey: EP: Next 12 Mth: Eastern Hungary: Office Space 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.

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 seven percent year-on-year when adjusted for inflation, but this was a slowdown compared to previous quarters.

Hungary Real Estate Market Survey: EP: Next 12 Mth: Building Plots data was reported at 2.000 % in Oct 2018. This records a decrease from the previous number of 4.000 % for Jul 2018. Hungary Real Estate Market Survey: EP: Next 12 Mth: Building Plots data is updated quarterly, averaging 3.850 % from Jan 2006 (Median) to Oct 2018, with 38 observations. The data reached an all-time high of 12.000 % in Apr 2016 and a record low of -3.000 % in Apr 2009. Hungary Real Estate Market Survey: EP: Next 12 Mth: Building Plots 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.

Other real estate investment funds accounted for the biggest share of investments made on the Hungarian commercial real estate market in 2022, measuring at 32 percent. Domestic property investment companies accounted for a further 28 percent of the investment volume.

The highest investment volume on the Hungarian industrial and logistics real estate market was recorded in 2016 at 260 million euros. However, by 2022, this figure decreased to 147 million euros.