Resale Flat Prices Fall in Capital


The average price of resale flats in Budapest fell by 3.5% in the fourth quarter compared with Q3, according to real estate broker Otthon Centrum.


Prices fell over 10% in the central 5th and 6th districts as well as in the leafy 12th district. Prices in upscale 1st district I dropped by 8%, while prices rose by 15% in the outlying 3rd and 5th districts. The average home price was 963,000/sqm and as high as 1.2m/sqm in the 5th district. The price data do not include housing estates built during the Communist era.


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