Hungary sees five-year peak in new-build listings as cheap-segment prices ease

Data from ingatlan.com show that Hungary’s market for newly constructed residential units has expanded to about 10,700 advertised flats and houses, the strongest supply level in five years. In the cheapest segment, the top 10% of new flats are priced up to HUF 59 million, a modest increase of HUF 1 million compared with the previous year, indicating a slowdown in price growth. Regional price gaps are pronounced: the cheapest 10% of flats cost up to HUF 71 million in Budapest, HUF 48 million in county capitals, and HUF 41 million in smaller towns, with Zalaegerszeg offering the lowest prices below HUF 34 million.

For new houses, Nyíregyháza has the lowest entry price at HUF 69 million. Within Budapest, District XIX presents the most affordable new-build options at around HUF 50 million. László Balogh, chief economic expert at ingatlan.com, says that growing supply and slower price gains in the low-end market may boost affordability, and he highlights the importance of the preferential 5% VAT rate for new homes, which is set to expire at year-end.