Budapest, Hungary
Property prices · 2024 · Europe
Property price trend in Budapest (2024–2026)
Property comparison — cities in Hungary (2024)
| City | Centre /sqm | Outside /sqm | 1-Bed Rent | vs Budapest |
|---|---|---|---|---|
| Budapest | HUF 820,000 | HUF 520,000 | HUF 280,000 | — |
| Debrecen | HUF 700,000 | HUF 460,000 | HUF 170,000 | -14.6% |
Other Europe cities (2024)
Frequently asked questions
How much does property cost in Budapest in 2024?
In Budapest, the average price per sqm in the city centre is HUF 820,000, and HUF 520,000 outside the centre (2024 data). Prices have risen 7% since 2024.
How much is rent in Budapest in 2024?
A 1-bedroom apartment in Budapest rents for approximately HUF 280,000 per month in 2024. A 3-bedroom apartment costs around HUF 450,000/month.
Is it better to buy or rent in Budapest?
Buying and renting are roughly comparable in Budapest. The price-to-rent ratio is 16.0x — it would take approximately 16.0 years of rental payments to equal the property purchase price. Current mortgage rates are approximately 8.50%.
What are mortgage rates in Hungary in 2024?
The average mortgage rate in Hungary is approximately 8.50% as of 2024. With a price-to-rent ratio of 16.0x, buyers should carefully weigh mortgage costs against rental savings.
What is the price per sqm in Budapest?
The average property price per square metre in Budapest city centre is HUF 820,000 in 2024. Outside the centre, expect to pay around HUF 520,000/sqm.