Panel apartments recorded the steepest price increase on Budapest’s used housing market last year, according to Otthon Centrum. Homes built with prefabricated panel technology rose in value by an average of around 35% year on year, outperforming all other residential segments.
Last year, the average price per square meter in Budapest reached HUF 1.38 million for used brick apartments, HUF 1.12 million for panel flats, and HUF 797,000 for used houses. Compared with 2024, unit prices increased across all three segments in 2025.
Price growth in the apartment segment accelerated compared with the previous year, largely due to demand boosted by state-guaranteed, preferential mortgage schemes. As a result, interest in more affordable apartments increased noticeably, while demand for used houses weakened.
Brick apartments: wide district-level price gaps
In 2025, the price per square meter for used brick apartments in Budapest ranged between HUF 800,000 and HUF 1.8 million, depending on the district. District I was the most expensive, with an average of HUF 1.84 million per sqm, followed by District V (HUF 1.74 million) and District XIII (HUF 1.7 million).
Most Buda districts outperformed inner-city areas in terms of pricing: with the exception of District XXII, average prices typically ranged between HUF 1.5–1.6 million per sqm. By contrast, among downtown districts, only Districts V and XIII exceeded this level, while others mostly fell within the HUF 1.1–1.3 million range.
In outer Pest districts, the average price for brick apartments hovered around HUF 1 million per sqm. District XIV proved the most expensive at HUF 1.26 million, while District XVIII was the most affordable at HUF 836,000.
Overall, prices for brick apartments were 22.6% higher than in 2024. The strongest increase was recorded in District I, where prices jumped by 55%, while District XVIII saw the smallest rise, at just 2%. In most districts, Otthon Centrum measured price growth of 20–30% in this segment.
Panel flats: growth outpaces all other segments
The average unit price of panel apartments reached HUF 1.12 million per sqm, with district-level prices ranging from HUF 900,000 to HUF 1.3 million. In buildings constructed using sliding-formwork technology, even higher prices were observed, particularly in District II, where prices approached HUF 1.5 million per sqm.
Large-panel flats were most expensive in District XI, averaging HUF 1.28 million, closely followed by District XIII at HUF 1.23 million. In other Buda and inner-city housing estates, prices were slightly lower, typically between HUF 1.1–1.2 million, such as in Districts III and XIV, where HUF 1.16 million was the benchmark.
In outer Pest districts, panel flat prices were close to HUF 1 million per sqm. District XVII was the most expensive at HUF 1.13 million, while in District XIX some properties were available for HUF 987,000 per sqm.
On average, panel flat prices surged by 36% year on year, with most districts recording increases between 30% and 45%. However, growth varied significantly: prices jumped by 50% in District XX, while District VIII stood at the opposite end of the scale with just a 5.5% increase.
Used houses: modest growth, strong Buda-Pest divide
For used houses, prices per square meter ranged between HUF 570,000 and HUF 1.2 million. Once again, Buda and Pest were sharply divided, not only by the Danube, but by price levels as well. On the Buda side, the average unit price exceeded HUF 1 million (HUF 1.01 million), while in Pest it averaged HUF 715,000.
District III was the most expensive, with average prices reaching HUF 1.2 million per sqm, closely followed by Districts II, XI and XII. The only exception on the Buda side was traditionally cheaper District XXII, with an average of HUF 910,000.
On the Pest side, District XV topped the list at HUF 900,000 per sqm, followed by District XIV. In most outer Pest districts, however, average prices last year clustered around HUF 600,000–700,000.
Overall, prices for used houses increased by 5.5% in 2025. The rise was driven mainly by the Pest side, where Otthon Centrum measured an average increase of 17.5%, while no meaningful price change was observed in Buda.
