Hungary's housing market has seen one of the most significant increases in the EU, with property prices having more than tripled and rents more than doubled since 2010.
As the market continues to gain momentum, recent data and forthcoming policy shifts indicate that this rising trend is likely to persist.
According to 444, Hungary’s housing market has experienced a striking surge over the past decade, with house prices climbing by 234% and rents rising by 114% since 2010, based on Eurostat data.
This places Hungary at the top of the EU in terms of house price growth and among the front-runners in rent increases. In comparison, the EU average during the same period shows a much smaller increase, 55.4% in house prices and 26.7% in rents, Daily News Hungary reports.
This means Hungary’s housing cost growth has been over four times the EU average, underscoring the exceptionally steep rise in the country's property market.
Indeed, recent data from Q4 last year confirms that Hungary’s housing market continues to outpace much of Europe.
While the EU overall recorded a 4.9% year-on-year increase in house prices and a 3.2% rise in rents, Hungary’s growth remains notably higher. Although countries like Estonia and Lithuania have also seen strong rental growth, Hungary stands out for the sheer magnitude of its property price surge.
These developments highlight mounting concerns over housing affordability and accessibility in Hungary, while also attracting increased interest from investors and analysts monitoring real estate trends across the region.
According to Növekedés, several key factors are poised to fuel further growth in Hungary’s housing market throughout 2025.
Upcoming tax rule changes will permit voluntary pension savings to be used tax-free for home purchases or renovations, potentially channelling substantial new funds into the property sector.
At the same time, declining yields are expected to reduce the attractiveness of government bonds, leading many households to shift their savings into real estate. As a result, housing market experts are forecasting continued double-digit price increases, with estimates ranging from 10% to as high as 20%.
These trends indicate that Hungary’s housing market is unlikely to lose steam anytime soon. The convergence of favourable fiscal reforms and changing investment behaviours is expected to fuel demand, driving property values even higher. With strong domestic interest and increasing attention from international investors, Hungary is set to remain a prominent hotspot in the EU real estate landscape, presenting attractive opportunities for investors while intensifying affordability challenges for local homebuyers.