I certainly wouldn’t move here in Budapest

It is well known that Angyalföld is the most popular district in Budapest, but which ones are running out at the end of the line? Why? Duna House analyzed the situation in the less popular districts of Budapest on the basis of data provided by its customers.

According to the latest real estate market analysis by Duna House, Soroksár, Csepel and Budafok-Tétény graduated at the end of the interest rankings in October this year. Compared to previous years, therefore, there has been no substantial change in the nature of army drivers, only in the proportion of interest. In the 23rd district, only 1.6% of Budapest home seekers were surveyed, while in the 21st district the distribution was 2.6% and in the 22nd district 3.9%.

“The less sought-after districts can also be divided into two parts: some that move up the list of popularity year after year, and some that are declining in interest. The former typically includes districts that have undergone urban rehabilitation renovations and are also home to several newly built projects. The latter lack the breakthrough power to attract new developments to their neighborhood. After all, a modern, emerging part of the city could compensate for the possible disadvantages compared to the other districts, ”explained Károly Benedikt, Head of Public Relations and Analysis at Duna House.

Based on the survey of the real estate agent, in addition to the 15th, we can also classify the 5th and 9th districts as emerging districts. Compared to the same period last year, interest in downtown districts has increased, despite higher prices. However, demand continued to decline in Districts 1, 8 and 12 compared to 2020, but the largest decline (3.1%) was in District 2, which slipped the city off the popularity podium.

“Transport, the existence and availability of jobs, which are often disadvantaged by the outermost districts, play an important role in choosing a place to live. However, in terms of real estate prices and public safety, a more affordable, safer suburban area can be a good choice for a more densely populated downtown area, ”the expert added.

Examined from an annual point of view, no change can be observed: looking at the part of 2021 so far, it can also be said that Soroksár, Csepel and Budafok-Tétény were the least popular districts in Budapest. According to Duna House, in addition to stagnant turnover in the capital’s real estate market, average prices rose by 6%. This year, customers had to pay an average of HUF 43 million for an apartment in Budapest, with Angyalföld still the most popular among the districts, followed closely by Zugló and Újbuda.

Source: Ingatlanhírek by ingatlanhirek.hu.

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