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HOUSING MARKET ANALYSIS June 2026

2026-06-04
There are many sellers and few buyers.

 

The market is currently characterized by decreasing demand, continuously expanding offer and still high prices, i.e. there are many sellers and few buyers, this is especially noticeable in the panel apartment market.

 

According to the Hungarian National Bank, the domestic real estate market is at an extremely overvalued level, as housing prices increased by 23.5 percent nominally (19% in real terms) in 2025, so a turnaround may be coming in the market.

 

Due to the high prices, there were 13.3 percent fewer residential property ownership changes in May 2026 compared to 2025.

 

SEARCHERS
Compared to the previous year, the number of real estate seekers was 29% less in March and 25% less in April.

 

USED ​​APARTMENTS
In Budapest, the rise in housing prices stopped in the first five months of 2026, with prices per square meter stabilizing at slightly above 1.5 million forints. The rise in prices also slowed in the countryside.

 

NEW APARTMENTS
The average price of new apartments in Budapest is 1.86 million forints, but even in the cheapest areas of the country it is 8-900 thousand forints

Bargain opportunities, on average


In the first months of 2026, 2.9% in Budapest, 4.1% in large rural cities, 6.6% in small towns, 8.4% in villages. National average: 5.9%
7.6% for family houses, 3.9% for brick apartments, 2.3% for panel apartments.

 

AVERAGE SALE TIME
129 days

 

NUMBER OF TRANSACTIONS
2021: 160 thousand
2022: 138 thousand
2023: 105 thousand
2024: 135 thousand
2025: 128 thousand
2026: 110-120 thousand (expectation)

 

Source: economx

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