Number of housing units constructed in Hungary 2010-2023

The number of housing units constructed in Hungary fluctuated over the period under consideration. In 2020, over 28,000 dwellings were built, which was the highest figure recorded over the observed time. In the same year, the construction production value of residential buildings totaled 469 billion forints. However, by 2023, the number of houses built in the country decreased to approximately 18.6 thousand. 

Houses’ characteristics

Houses constructed in Hungary have a relatively large floor space, measuring at 94 square meters on average in 2023, while the highest figure was recorded at 107 square meters in 2012. The vast majority of dwellings are supplied with piped water, reaching 97.5 percent in 2023, while in the same year, the share of dwellings with a bathroom or lavatory totaled under 96.3 percent.

 House and apartment prices

The Hungarian real estate market has been characterized by increasing prices lately. It comes as no surprise, that the country’s capital, Budapest has the most expensive housing on the market. In 2023, the average price of new apartments per square meter was the highest in District V, totaling 2.81 million euros. In comparison, the average square meter price of new apartments reached only 0.62 million euros in District XXI.