Otthon Start’s Effect on Budapest Real Estate Prices
The new Otthon Start Program (3 % state loan for first-time buyers) has not pushed up prices sharply in Budapest.
- Eligible flats rose only 1.6 % in median price (≈ 1.1 million HUF/m²) compared to a 3.4 % rise in the wider market (≈ 1.33 million HUF/m²).
- Some outer districts gained modestly: III. (+3 %), IV. (+6 %), IX. (+5 %), VIII. (+4 %).
- Central districts like I., II., V., VII. saw slight declines (–1 to –3 %), keeping prices around 1.2–1.3 million HUF/m².
The real challenge is finding eligible homes, not rising prices.
(Source: Index.hu, August 28, 2025)