The pandemic is pushing up vacation property prices
While house price growth has been curtailed during the pandemic, holiday home prices in Hungary’s most popular holiday regions have risen by double digits, according to data compiled by the ads site ingatlan.com .
Prices for holiday homes in Gardony on Lake Velence, about an hour’s drive from the capital, now average HUF 655,000 per m², up 20% in one year, said ingatlan .com after reviewing nearly 40,000 real estate listings.
House prices in the settlements on the north-eastern shore of Lake Balaton rose 35% to HUF 756,000 per m², albeit at the same time as supply declined by 40%.
On the south shore of the lake, house prices rose 20% to HUF 700,000 per m².
Prices for holiday homes around Lake Tisza in eastern Hungary have also jumped by 20%, but homes there are still relatively cheap, at HUF 172,000-179,000 per m².
Prices for summer houses on the Danube Bend north of Budapest have risen from 44% to 59%, with listings of properties in settlements such as Zebegény, Nagymaros and Visegrád reaching 457,000 to 542,000 HUF.
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