The must-have newsletter about Hungary

Related Articles

HOUSE PRICES AROUND LAKE BALATON AVERAGE HUF 20-25M

 

House prices around popular tourist destination Lake Balaton are nearing the levels seen in Budapest in some cases, rising above 500,000 forints per square meter for resale homes in some towns with 400,000 forints per square metre prices being near the average, real estate broker Duna House said. Prices have risen the most in Fonyód and Keszthely, growing by more than 50% in the last year, to around 350,000 forints per sqm and 317,000 per sqm, respectively. Prices are highest in Balatonfüred where they average 41.5 million forints. Older resort homes sell for 511,000 forints per square metre, around 20% more than a year ago, with the prices of new homes even higher and those on the waterfront topping 1 million per sqm. Lake Balaton continues to be a favoured destination both for domestic and foreign tourists, reflected in real estate prices, said Károly Benedikt, an analyst for Duna House.