Easy Flat Buying in Budapest
A digitised database of Budapest apartments has been created, making it easier to buy and sell flats in the Hungarian capital. Panel apartments have emerged as one of the most sought-after property types this year, thanks to their affordability compared to brick-built apartments.
According to data from ingatlan.com as reported by World economy, panel apartments in Budapest are available at prices 20-30% lower than brick apartments. As of the end of June, the average price per square meter for panel apartments in Budapest was HUF 847,000 (EUR 2,155), while brick apartments averaged HUF 1.1 million (EUR 2,800) per square meter.
In other major cities with significant panel housing markets, such as Debrecen, Pécs, and Miskolc, panel apartments also offered significant price advantages over brick apartments. The strong demand for panel apartments is driven not only by their lower prices but also by their favourable locations and good transport links, according to Balogh László, the lead economic expert at ingatlan.com.
Buying and selling panel apartments in Budapest is set to become easier with the digitisation of floor plans from land registry offices by ingatlan.com. This move will provide buyers with accurate and reliable information about properties, with plans to expand the digitisation project to other cities like Székesfehérvár and Kecskemét.
In Budapest, the III. district boasts the highest number of panel apartments, followed by Újpest and Újbuda. The largest housing estate in Budapest is in Békásmegyer, with the tallest panel buildings reaching up to 15 stories in various housing estates across the city.
Overall, the digitised database of Budapest apartments, particularly panel apartments, is expected to streamline the buying and selling process, providing transparency and efficiency for both buyers and sellers in the competitive real estate market of Hungary’s capital.
