The number of burglaries in Budapest – MAP

In the last three years, the number of burglaries in the surrounding of new housing areas has been constantly declining which has also contributed to the great rise in prices of flats, Index.hu reported.

According to Index.hu, prices have climbed up mainly in the districts where crime statistics have improved. Yet, it is not true in itself that the higher the prices are in a district the lower the number of crimes per capita are, because it is rather the type of the crime which determines the prices.

In the Inner City, in the 7th district – which has developed to a party centre – prices are becoming higher despite that in the Inner City, the number of crimes per capita is higher than the average. In this district, urban vandalism, robberies are more frequent than burglaries. Also, flats are sold on purpose of investment, and not for families wishing for calmness.

The Buda districts have been leading the burglary top list in Budapest for years (except for the 1st district). Although the number of criminal cases in each Buda district has declined by 30-50% in recent years, the crime rate is still high in proportion to the number of inhabitants. In the 11. district, which has been leading the burglary top list since 2014, there were 561 burglaries in 2014. By 2016, they fell back to 288. At the same time, the price of one square meter has risen from €1208 to €1711, Index.hu says.

Lead analyst of Otthonterkep.hu told Index.hu that the number of new blocks of flats with closed territories and residential parks had been rising in recent years. Many of them have security service, and are equipped with cameras, just like the territories where new constructions have been taking place. Safety triggers higher housing prices.