In Budapest, the market is clearly cooling: after an increase of 1.1% in March, the price index decreased by 0.1% in April. Annual growth in the capital slowed from 13.7% to 10.9%, which means a possible drop below 10% for the first time since November 2024.
Analyst Laszlo Balogh explains that the market has split into two segments. In Budapest, the price increase is being held back by the government's Otthon Start program, which has set a ceiling of 1.5 million HUF per square meter (4,177 euros). But outside the capital and in small towns, prices are rising faster due to the large gap between the market and the limits of subsidized mortgages.
Among the regions, the strongest annual growth was shown by Medje Pest (18%), followed by the Central Danube region (15.5%) and the Southern Great Alfeld (15.3%). The lowest prices in the country are recorded in Shalgotaryan - 319,000 HUF (888 euros) per square meter.
Among the districts of Budapest, the XIII district has the most offers (the median price is 1.65 million HUF/sq. m.). The cheapest district is XXIII (901,000 HUF/sq. m., or 2,509 euros). In large provincial cities, prices range from 958,000 HUF (2,668 euros) in Pec to 1.11 million (3,091 euros) in Debrecen.
Balog predicts that the second half of 2026 may become more active. He also notes that the transfer of authority on housing policy to the new Ministry of Transport and Investment may speed up decision-making.Source: Hungarian Conservative
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