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Budapest records high residential property price increase

Among the strongest in the world, highest in Europe

08 January, 15:22
(ANSA) - BELGRADE, 08 GEN - Budapest has registered the highest residential property price growth in the year to the third quarter of last year in Europe and one of the strongest in the world, according to the "Global Residential Cities Index - Q3 2018", published by the specialized company Knight Frank, the Budapest Business Journal informed.

Budapest recorded a residential price growth of 19% in the third quarter of 2018, compared to the same period of 2017, followed by Porto (+16.6%), Rotterdam (+15.7%) and Amsterdam (+13.1%). Among the 25 cities in the world that recorded a significant increase in residential property prices, also Zagreb (+11.5%) and Berlin (+10.4%), the Knight Frank report shows. In the world, only the Chinese city of Xiʼan (+20%) and Ahmedabad, in India (+19.6%), registered a higher increase than the Hungarian capital. (ANSA).

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