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New survey: Hungary is among the least desirable countries for homebuyers
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A new study has named Hungary as one of the least desirable European countries for homebuyers, featuring in 1st place at the bottom of the list.
The team at 123Jaloezie have researched countries across the EU to reveal Europe’s property hotspots. Based on factors such as the number of property searches, property price index, and the increases in rent and property prices since 2015, combined to make a single ‘Property Hotspot Score.’
You can view the full research HERE.
The 10 least attractive European countries for homebuyers
|
Rank |
Country |
Rent change since 2015 |
House price change since 2015 |
Numbeo Property Prices Index 2023 |
Global Property Searches |
Property Hotspot Score |
|
1 |
Hungary |
46.33% |
154.35% |
0.70 |
58,900 |
0.77 |
|
2 |
Lithuania |
53.02% |
95.05% |
1.10 |
33,910 |
0.89 |
|
3 |
Czech Republic |
22.30% |
115.30% |
0.90 |
50,730 |
1.16 |
|
4 |
Estonia |
58.56% |
86.76% |
1.50 |
39,970 |
2.09 |
|
5 |
Poland |
42.00% |
65.21% |
0.90 |
115,730 |
2.55 |
|
6 |
Slovenia |
42.79% |
73.65% |
1.30 |
87,940 |
2.86 |
|
7 |
Austria |
22.71% |
70.77% |
1.40 |
153,700 |
3.64 |
|
8 |
Slovakia |
8.15% |
75.47% |
1.20 |
29,990 |
3.72 |
|
9 |
Romania |
18.48% |
43.70% |
1.00 |
153,010 |
3.83 |
|
10 |
Portugal |
15.79% |
90.17% |
1.20 |
800,280 |
4.47 |
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Hungary is the least desirable country in Europe for homebuyers with a score of just 0.77 out of 10. This low score can be attributed to an incredibly high increase in property prices, which have more than doubled on average since 2015. There are also relatively few property searches focused on Hungary, with only 58,900 in the last twelve months.
-
Lithuania is the second least attractive European country for property searchers scoring 0.89 out of 10. Although property prices have not risen as much as in Hungary, in Lithuania they have almost doubled since 2015. There were just under 34,000 property searches targeting the country, the second lowest in the study.