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Home prices in Hungary rise 40% in two years

Staff Writer |
In the past two years, home prices in Hungary have risen by approximately 40% based on data compiled up to March, mortgage bank FHB reported.

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Adjusted for inflation, home prices have reached their highest level since the middle of 2009, data from FHB Bank reveal.

As compared to last year as a whole, average prices in the first quarter of the year in Central Hungary, where the capital Budapest is located, saw the highest rise of 18%, closely followed by Western Hungary’s 17% and Northeastern Hungary’s 16%, while in Northern Hungary prices were up by 6%, data compiled by FHB shows.

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