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REAL ESTATE MARKET SITUATION IN HUNGARY

2026-04-15

Number of apartments: 4,600,000 units.

To keep up the age composition, it is necessary that at least 1% of new apartments are built and 5-6% are renovated per year.

 

That is:

Number of new apartments needed: 46,000 units / year

Number of renovations needed: 250,000 units / year

 

Number and percentage of new apartments built in recent years in proportion to the existing stock:

 

Built new living properties

year

pcs

shortage

2014

8 358

37 642

2015

7 612

38 388

2016

9 921

36 079

2017

14 389

31 611

2018

17 681

28 319

2019

21 127

24 873

2020

28 208

17 792

2021

19 888

26 112

2022

20 540

25 460

2023

15 494

30 506

2024

13 295

32 705

 

 

Number of building permits in 2025: ~28,000

 

 

BUDAPEST AND THE AGGLOMERATION

 

Number of apartments: 600.000 (Pest County) and 950.000 (Budapest) units.

To keep up the age composition, it is necessary that at least 1% of new apartments are built and 5-6% are renovated per year.

 

That is:

Number of new apartments needed: 6,000 (Pest County) + 9.500 (Budapest) units / year

Number of renovations needed: 30.000 (Pest County) and 47.000 units / year.

 

Number and percentage of new apartments built in recent years in proportion to the existing stock:

 

Built new living properties

Év

Pest vármegye

Budapest

Built

Shortage

Built

Shortage

2014

1 760

4 240

1 183

8 317

2015

1 749

4 251

1 319

8 181

2016

2 344

3 656

2 546

6 954

2017

3 241

2 759

2 870

6 630

2018

4 416

1 584

3 807

5 693

2019

5 448

552

5 838

3 662

2020

6 565

-565

6 341

3 159

2021

6 620

-620

7 017

2 483

2022

5 214

786

6 610

2 890

2023

4 328

1 672

24050

-14 550

2024

3 100

2 900

4607

4 893

2025

3800

2 200

3949

5 551

 

 

 

The number of building permits in 2025 is: 6,772 (Pest County) and 10,959 (Budapest).

 

For more in-depth analyses with more precise spatial distributions, apartment types, prices, other parts of Hungary, etc. are available from our office.

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