Average property prices in Budapest in 2026 range from approximately one thousand five hundred euros per square metre in outer Pest districts to over five thousand euros per square metre in the premium central districts and best parts of Buda. Citywide average for second hand apartments is around two thousand eight hundred euros per square metre, and three thousand four hundred euros per square metre for new builds. Below is the detailed breakdown.
Citywide Averages (2026)
Second hand apartments: 2,500 to 3,200 EUR per sqm citywide average New build apartments: 3,000 to 3,800 EUR per sqm citywide average Houses (Buda hills): 600 to 2,500 EUR per sqm depending on plot, age and condition Premium central apartments (District 5): 3,500 to 5,500 EUR per sqm
District by District Price Ranges
District 1 (Castle District, Buda): 3,000 to 5,000 EUR per sqm. Historic, UNESCO, low supply. District 2 (Buda Hills): 2,500 to 4,500 EUR per sqm for apartments, 600 to 1,500 EUR per sqm for villa plots. District 3 (Obuda): 1,800 to 3,200 EUR per sqm. Mix of historic Obuda and new build along the Danube. District 5 (Belvaros, Lipotvaros): 3,500 to 5,500 EUR per sqm. The most prestigious. District 6 (Terezvaros, Andrassy): 2,700 to 4,200 EUR per sqm. District 7 (Erzsebetvaros, Jewish Quarter): 2,400 to 3,500 EUR per sqm. District 8 (Jozsefvaros): 1,800 to 3,200 EUR per sqm. Wide range by sub area. District 9 (Ferencvaros): 2,200 to 3,800 EUR per sqm. New builds drive the upper end. District 11 (Ujbuda): 2,000 to 3,200 EUR per sqm. Universities and shopping. District 12 (Hegyvidek): 2,500 to 4,500 EUR per sqm. Hillside residential. District 13 (Ujlipotvaros): 2,500 to 3,800 EUR per sqm. Riverside, Bauhaus. District 14 (Zuglo): 1,800 to 3,000 EUR per sqm. Family residential.
What 100,000 EUR Buys in 2026
A studio or small one bedroom in an outer district (16, 17, 18, 19, 20, 23). Typical: 35 to 50 sqm, basic condition, often needs renovation.
A renovated studio in District 7 or 8. Typical: 25 to 35 sqm, central location.
A small one bedroom in Districts 10, 14, 19 or 20. Typical: 40 to 55 sqm, decent condition.
What 200,000 EUR Buys in 2026
A renovated one bedroom apartment (50 to 65 sqm) in District 6, 7 or 9.
An unrenovated two bedroom (70 to 85 sqm) in District 8 or 13.
A new build one bedroom in District 9 or 11.
A small family apartment in Buda Districts 2 or 11.
What 300,000 EUR Buys in 2026
A renovated two bedroom (70 to 90 sqm) in District 5, 6 or 13.
A high quality new build two bedroom in District 9.
A family three bedroom (90 to 110 sqm) in District 8 or 14.
A smaller house or large apartment in the Buda hills.
What 500,000 EUR Buys in 2026
A renovated three bedroom in District 5 (100 to 130 sqm).
A new build three bedroom with parking and balcony in District 9 or 13.
A house with garden in Districts 2, 11 or 12 (depending on size and condition).
A penthouse with terrace in Districts 6 or 7.
Price Trends Over the Last Five Years
Budapest property prices grew at approximately seven to ten percent per year on average between 2020 and 2025, with central districts outperforming outer ones.
2026 has seen the market stabilise after the strong post pandemic and post inflation appreciation. Year on year price growth in 2026 is currently around three to five percent, with the strongest growth in new builds and District 9.
The forint has weakened against the euro over the last three years, making Budapest property even more attractive for euro and dollar denominated buyers.
Frequently Asked Questions
What is the cheapest district to buy in Budapest? Outer districts 19, 20 and 23 offer the lowest prices, typically 1,200 to 1,800 EUR per sqm.
What is the most expensive district? District 5 (Belvaros and Lipotvaros) commands the highest prices, with premium streets exceeding 5,500 EUR per sqm.
Are new builds more expensive than renovated old buildings? Yes, new builds typically cost 20 to 35 percent more per square metre than renovated historic flats in the same district.
Is now a good time to buy in Budapest? Yes. Prices have stabilised after rapid growth, the forint is favourable for foreign buyers, and rental demand remains strong.
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