Cordia is launching sales for multiple projects in Hungary in the first quarter of 2025. The company plans to add over 1,000 apartments this year, which will increase the availability of new homes in Budapest by 20% compared to the end-of-year stock.
Nearly one-third of the new units will be part of the Marina City development, a 14-hectare, car-free riverside area along the Danube. Sales for the third phase are expected this year, with the fourth phase in the second half.
The Marina City district has been especially popular, with demand surpassing the city average—14% of Budapest’s new apartment sales occurred here in the last quarter of 2024.
Additionally, Cordia is advancing the development of Sasad Resort, the long-awaited fifth phase of Thermal Zugló in District 14, the Millennium Quarter of District 9, and the second phase of the Woodland project.
Last year, price increases exceeded 5%
For example, in Buda, the average gross price per square metre (excluding luxury projects) rose by 13% to HUF 1,930,000 (ca. EUR 4,700), while in Pest, it increased by 9% to HUF 1,580,000 (ca. EUR 3,870).
Newly built apartments in Budapest command higher rental prices than older properties
For example, Cordia’s studio apartments on Corvin Promenade rent for an average of HUF 270,000 (ca. EUR 662) per month, one-bedroom apartments for HUF 330,000 (ca. EUR 809), and two-bedroom apartments for around HUF 500,000 (ca. EUR 1,225)—25% higher than older properties in the same area.
