The pace of housing price growth in Hungary slowed significantly in December 2025, with Budapest recording a deeper monthly decline, according to the latest housing price index published by ingatlan.com.
On a national level, residential property prices rose by just 0.4% month-on-month in the final month of the year. In contrast, Budapest prices fell by 0.7% compared to November, marking an acceleration in the capital’s price correction.
A notable slowdown was also recorded in Pest County, where the November monthly increase of 1.7% dropped well below 1% in December, indicating a sharp cooling even in the capital’s suburban market.
Elsewhere in the country, overall trends remained broadly unchanged, although Central and Southern Transdanubia experienced faster-than-average price increases in recent months. This was largely interpreted as a correction, following a period in which Eastern Hungary saw stronger price growth than western regions during the second half of the year.
Double-digit growth remains on an annual basis
Despite the buyer-friendly monthly trends seen in December, housing prices rose sharply over the full year of 2025. Compared to December 2024, prices increased by 18% nationwide and by 20% in Budapest.
According to ingatlan.com’s analysis, annual price growth was considerably stronger in the first half of the year. However, the overall yearly figure was moderated by base effects, as prices had already been rising noticeably by the end of 2024.
Since October, weakening demand has turned earlier price growth into near stagnation. In Budapest, this trend has been reinforced by the Otthon Start Program, where the HUF 1.5 million per square meter price cap has clearly restrained further increases.
Current asking prices across cities
In several Budapest districts, used apartment prices showed little movement toward the end of 2025. In District XXIII, the average price per square meter declined to HUF 817,000 by December from HUF 831,000 in September.
In District XIII, one of the capital’s most popular and supply-rich areas, average prices hovered around HUF 1.6 million per square meter, virtually unchanged from early autumn levels. Since early September, only 1–2% price growth, effectively stagnation, was recorded in Districts I, V, VI, and III as well.
Outside the capital, Debrecen reached a symbolic milestone, with average prices for used homes climbing to HUF 1 million per square meter by year-end. At the other end of the spectrum, Salgótarján became the most affordable county seat, with average prices at HUF 289,000 per square meter.
Price appreciation in major regional cities remains strong. There are now four county seats where average prices exceed HUF 900,000 per square meter: Szeged (HUF 955,000), Székesfehérvár (HUF 923,000), Győr (HUF 922,000), and Veszprém (HUF 913,000).
Outlook: new supply may reshape the market in 2026
Further price growth in the used housing segment may be limited by the expected arrival of several thousand newly built apartments that meet the criteria for 3% subsidized mortgage loans.
With most known market factors already priced in by sellers, these dynamics could lead to unexpected shifts in Hungary’s housing market in 2026, particularly in areas where affordability and financing conditions overlap.
