Hungarian house price growth slowed in October 2026: up 0.2% nationally, flat in Budapest
Up 0.2% nationally in one month, flat in Budapest, and annual growth down from 8.2% to 6.9%. What the ingatlan.com index measures, what the official quarterly figures show, and what neither of them tells you.
According to the house price index of the Hungarian property portal ingatlan.com, home prices in October 2026 rose 0.2% nationally compared with September and were essentially flat in Budapest (ingatlan.com Tudástár, in Hungarian). Annual growth slowed from 8.2% to 6.9% nationally. The portal calls this a low not seen in more than two years. Hungarian media reported the figures on 11 November 2026 (Üzletem, igylakunk.hu).
One point matters up front: this is the most recent house price data for October, but it is not official statistics. The house price indices of the Hungarian Central Statistical Office (KSH) and the Hungarian central bank (MNB) are quarterly. The latest MNB release covers the second quarter of 2026. There is no official house price index for October.
This article goes through the ingatlan.com October figures, the official quarterly background, and what the data does not measure.
| Data sheet | |
|---|---|
| Index | ingatlan.com house price index (the portal's own data) |
| Period | October 2026 |
| Monthly change, national | +0.2% |
| Monthly change, Budapest | essentially flat (no exact figure published) |
| Annual change, national | +6.9% (+8.2% in September) |
| Annual change, Budapest | +1.8% |
| Median price per m², used homes, Budapest | HUF 1.4 million (early November) |
| Median price per m², new homes, Budapest | HUF 1.72 million |
| Latest official quarterly data | MNB house price index, Q2 2026 |
What the ingatlan.com index shows
From the ingatlan.com summary:
- Nationally: +0.2% month on month, +6.9% year on year.
- Budapest: prices were essentially flat. The portal's expert says prices in the capital have not risen for three months.
- Budapest annual rate: 1.8%, the lowest since December 2023.
- Regions: annual growth slowed in every region of the country. The largest annual increases were in Central Transdanubia (+10.7%) and the Southern Great Plain (+10.6%).
Budapest by district
The median asking price of used homes in Budapest was HUF 1.4 million per square metre in early November, roughly the same as a year earlier (ingatlan.com).
| District | Used homes, median HUF/m² |
|---|---|
| V | nearly 2 million |
| I | nearly 1.9 million |
| XII | 1.74 million |
| II | 1.71 million |
| XIII | about 1.6 million |
| XX and XXI | about 1.03 million |
| XXIII | about 940,000 |
Sources: ingatlan.com, Üzletem.
District XIII had the most listings (nearly 3,700), followed by District II (nearly 2,500). Year on year, the outer districts rose the most: District XXII (+10.8%), XVIII (+9.6%) and XXIII (+8.9%). Several inner and Buda districts saw slight declines.
New homes: the Budapest median was HUF 1.72 million per square metre, 4.5% higher than a year earlier. The most expensive districts were II (HUF 3.1 million), XII (HUF 3.03 million) and VI (HUF 2.54 million). The cheapest were XV (HUF 1.21 million) and XVII (HUF 1.23 million). The number of new homes listed for sale in Budapest grew 52% over the year.
County seats
Median asking prices per square metre in the five county seats with the largest supply (ingatlan.com, Üzletem):
| City | Used, HUF/m² | New, HUF/m² |
|---|---|---|
| Debrecen | 1.02 million | 1.38 million |
| Szeged | 960,000 | 1.39 million |
| Győr | 950,000 | 1.28 million |
| Pécs | 800,000 | 1.14 million |
| Nyíregyháza | 790,000 | – |
| Székesfehérvár | – | 1.17 million |
In the other county seats, the median for used homes ranged from HUF 310,000 to 950,000 per square metre. The cheapest was Salgótarján (HUF 312,000).
The official quarterly background
According to the MNB house price index, national home prices fell 1.1% in the second quarter of 2026 compared with the first (Telex, in Hungarian). The fall appeared in every settlement type:
| MNB, Q2 2026 | Quarter on quarter | Year on year |
|---|---|---|
| National | -1.1% | +12.3% (+17.8% in Q1) |
| Budapest | -0.6% | +8.3% |
| Other towns | -0.6% | +15.6% |
| Villages | -2.8% | +9.3% |
Sources: Telex, 24 July 2026, MNB house price index, Q2 2026.
The direction is similar: both the official quarterly figure and the portal's monthly index show slowing growth. The two use different methods, so one cannot be derived from the other.
The portal's explanation
László Balogh, lead economic expert at ingatlan.com, said the earlier wave of price increases has run out of steam, especially in Budapest. In his view, buyers' purchasing power set a natural limit on further rises. He added that price growth in Budapest is below inflation, which means a fall in real terms (ingatlan.com).
The portal says the Otthon Start Program is being replaced by the Wekerle Plusz Program, a state-subsidised loan with a 3% fixed rate for new homes and 5% for used ones. In Budapest, 16% of new homes for sale meet the programme's criteria; outside the capital, more than 70% of supply does.
This is the portal's reading, not an official analysis.
What the data does not show
- It measures asking prices, not sale prices. The median prices refer to homes listed for sale. They do not show what buyers and sellers finally agree on.
- It is not official statistics. The ingatlan.com index is the portal's own data. The KSH and MNB indices are quarterly, and there is no official figure for October yet.
- No exact monthly figure for Budapest. The portal only says prices were essentially flat, so we do not quote a percentage.
- One month is not a trend. The October slowdown says nothing certain about November.
- A median is not an average, nor the price of any particular home. The spread within a single district is wide.
Summary
- In October 2026, according to the ingatlan.com index, home prices rose 0.2% nationally and were essentially flat in Budapest.
- Annual growth slowed to 6.9% nationally and 1.8% in Budapest.
- The latest official data, the MNB Q2 index, showed a 1.1% quarter-on-quarter fall.
Related reading: Blog archive.
Sources
- ingatlan.com Tudástár: house price slowdown in October (Hungarian): https://tudastar.ingatlan.com/hirek/mindenhol-lassult-a-lakasdragulas-oktoberben-budapesten-kozel-haromeves-melypontra-sullyedt-a-tempo/
- Üzletem (11 November 2026, Hungarian): https://uzletem.hu/-statisztikaarak/ingatlan.com-mindenhol-lassult-a-lakasdragulas-oktoberben-budapesten-kozel-haromeves-melypontra
- igylakunk.hu (11 November 2026, Hungarian): https://igylakunk.hu/statisztikak-elemzesek/lakaspaic-lakasarak-lassulas-ingatlancom/
- Telex (24 July 2026, Hungarian): https://telex.hu/gazdasag/2026/07/24/mnb-lakasarindex-csokkentek-a-lakasarak
- MNB: House price index, Q2 2026 (Hungarian): https://statisztika.mnb.hu/sw/static/file/MNB_Lakasarindex_2026Q2.pdf
Data Analytic Investments is not affiliated with the institutions or portals cited; names are used for identification only.
Educational content. Not investment advice.
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