Budapest's young people are joining the ranks of generation rent | Csaba Jelinek
Briefly

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.
Read at www.theguardian.com
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