Residential ESS tender price in Hungary 2025

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Residential ESS tender price in Hungary 2025

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RLB Construction Cost Update HK Q1 2025

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FAQs 6

How big is the housing market in Hungary?

The total value of outstanding housing loans in Hungary reached HUF 5.3 trillion (USD 14.7 billion) in H1 2024, a 5.7% increase since the end of 2023. The relative size of the market has been in decline in recent years, however, dropping from an estimated 8.3% of GDP in current prices in 2021 to 6.7% in 2023. Data Source: KSH.

Are residential property prices rising in Hungary?

Residential property prices in Hungary are picking up pace, with the latest data from the Hungarian National Bank (MNB) indicating a year-on-year increase of 14.47% as of Q3 2024 (10.61% inflation-adjusted). On a quarterly basis, prices rose by 2.17% (1.52% inflation-adjusted).

When will housing loans be available in Hungary?

The scheme will be available between April 1 and October 31, 2025. The total value of outstanding housing loans in Hungary reached HUF 5.3 trillion (USD 14.7 billion) in H1 2024, a 5.7% increase since the end of 2023.

What was the housing loan stock in Hungary in 2023?

The housing loan stock in Hungary stood at HUF 5,003 billion at the end of 2023, which was 1.5% higher than at the end of 2022. The growth rate of the housing loan stock slowed down compared to the annual growth rate of 7.5% in 2022 and between 9% and 15% in the four preceding years.

How did house prices change in Hungary?

A breakdown by property type, based on figures from the Hungarian Central Statistical Office (KSH), shows that prices for existing dwellings rose by 15.18% year-on-year (11.29% inflation-adjusted), while new dwellings saw a 13.04% increase (9.22% inflation-adjusted). Hungary house price annual change:

How has Budapest's hotel market changed in 2024?

Our report indicates that retail sales have slightly improved in 2024, whereas the industrial and logistics sectors have experienced active leasing driven by renewals. Additionally, you can learn how Budapest's hotel market is approaching pre-pandemic tourism levels, alongside a robust pipeline for new hotels anticipated in 2025.

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