In Budapest, housing costs have significantly escalated since 2007, with room rentals now costing at least 200 euros, double the amount 15 years ago. From 2010 to 2024, Hungary experienced a 234% increase in housing prices, while the EU average increased by 55.4%. Despite a rise in per capita net income by only 86% during the 2010s, property prices surged, particularly in Budapest, where residential properties are estimated to be overvalued by 5-19%. The investment-driven nature of the market, primarily influenced by individual Hungarian citizens, has exacerbated societal polarization regarding housing issues.
In Budapest, the housing price index skyrocketed by 234% from 2010 to 2024, outpacing the EU average rise of 55.4%.
Residential property prices in Hungary are overvalued by 5-19%, influenced by investment-driven purchases comprising 30-50% of all transactions.
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