Real estate prices up in Budapest - paper

Real estate prices continued to go up over the past twelve months in Budapest, where the biggest increase was reported in the residential area of Huvosvolgy on the Buda side, business daily Vilaggazdasag said on Thursday. Property prices per square metre exceeded 600,000 forints (EUR 1,857) on average in mid-August, up 20 percent on the same month in 2017, the paper said, citing a recent survey by the portal Ingatlan.com. Property prices in leafy Huvosvolgy have however seen an unprecedented 66 percent rise, bringing the per sqm price on the market to over 1.1 million forints, the paper added. Demand in Huvosvolgy's affluent 2nd district and the adjoining 12th district are pushed up by relatively low supply.