According to Open4business, the Hungarian housing market continued to recover in 2025, with prices rising by 20 per cent in nominal terms and by 15 per cent after adjusting for inflation. The number of registered transactions approached 136,000, and the final figure, according to estimates by the Hungarian Central Statistical Office (KSH), is expected to exceed 140,000 transactions, as indicated by the latest annual market review.
However, the KSH has not yet published detailed statistics for 2025 showing the breakdown of property buyers by nationality. The latest available comprehensive data shows that in 2024, foreign nationals purchased 6,600 residential properties in Hungary with a total value of around €834 million. This represented a 5.2 per cent increase in the number of properties compared with the previous year.
Consequently, foreign buyers accounted for around 5 per cent of all property transactions in Hungary in 2024, whilst in monetary terms they represented 6.4 per cent of the market turnover. In total, around 131,100 properties were sold in the country that year.
Following a decline in activity in 2023, the number of transactions in Hungary rose by 25% in 2024, reaching 131,100. Growth continued in 2025: at the time the data was finalised, the KSH had received information on 135,700 sales, of which 128,200 were in the secondary market and around 7,600 were new-build properties. The final number of transactions is expected to exceed 140,000.
The market picked up particularly noticeably in the second half of the year following the launch of the ‘Home Start’ government scheme for subsidised housing loans. In September, the number of sales was 47 per cent higher than a year earlier, whilst in the fourth quarter, the KSH estimated annual growth in the number of transactions at around 10 per cent.
In Budapest, the average price per square metre of second-hand housing in the fourth quarter of 2025 stood at around 3,240 euros.
The average price of a property sold reached approximately €184,000. Prefabricated flats sold for an average of around €165,000, whilst detached houses sold for €284,000.
The price per square metre in the capital rose by 21 per cent over the year. In some segments, however, the increase was even higher: prefabricated flats rose in price by around 35 per cent.
Outside the capital, the highest prices amongst administrative centres at the end of 2025 were recorded in Debrecen – around 2,620 euros per square metre, Győr – 2,450 euros, Veszprém – 2,440 euros, and Szeged – around 2,380 euros per square metre.
Although comprehensive statistics for 2025 are virtually complete, the latest detailed breakdown of buyers by nationality published by the KSH currently relates to 2024.
Foreign nationals purchased 6,600 residential properties that year, which was 5.2 per cent more than in 2023.
The total value of property purchased by foreigners amounted to approximately 834 million euros, or 6.4 per cent of the Hungarian housing market’s turnover.
Statistics on the main groups of foreign buyers in 2024:
Germany – 1,369 properties
China – 708
Romania – 671
Slovakia – 671
Netherlands – 438
Vietnam — 329
Austria — 268
Russia — 185
Ukraine — 144
Israel — 137
The differences between groups of foreign nationals are particularly evident in terms of where they shop.
Chinese nationals concluded 91.5 per cent of their transactions in Budapest, Vietnamese nationals — 96 per cent, and Russian nationals — 84.9 per cent.
Ukrainians were significantly less focused on the capital: only 39.6 per cent of the properties they purchased were located in Budapest. Thus, the majority of Ukrainian buyers opted for other cities and regions of Hungary.
Germans, despite ranking first in terms of the number of transactions, showed virtually no concentration in the capital — Budapest accounted for only 8 per cent of their purchases. The KSH notes high levels of activity among German citizens in small towns and villages in the Southern and Western Transdanubia regions.
The average value of a property purchased by a Ukrainian citizen was around 96,000 euros, whilst the average price per square metre was approximately 1,350 euros.
Across Hungary as a whole, foreign buyers account for around 5 per cent of the total number of transactions; however, their influence is significantly higher in Budapest. In 2024, foreign nationals accounted for 7.8 per cent of property purchases in the capital and 10 per cent of their total value.
In the inner districts of Pest, foreign buyers accounted for approximately 19 per cent of all transactions and, in value terms, represented around 26 per cent of the market. Chinese and Vietnamese buyers were particularly prominent here.
Thus, the latest official statistics already allow us to assess the Hungarian property market for 2025: around 136,000 registered transactions, with the figure expected to exceed 140,000. Following final data processing, a 20 per cent rise in prices and a further significant increase in property prices in Budapest and most major cities.
However, the breakdown of purchases by nationality for 2025 has not yet been published.
Source: Hungarian Central Statistical Office (KSH).