Significant increase in real estate prices along the Budapest M4 metro line

Significant changes have occurred on the real estate market since metro line M4 was completed three years ago. Areas along the metro line that have experienced the biggest price increase are II. János Pál pápa Square and Kálvin Square in Pest and Móricz Zsigmond Square in Buda, tozsdeforum.hu reports on the findings of Otthon Centrum.

Between 2013 and 2015, property prices began to increase at every metro station. In Pest, the biggest increase occurred at Kálvin Square where prices doubled, while in Buda, property prices have increased by 40pc at Újbuda-központ. Moreover, Rákóczi Square, the vicinity of the Keleti Railway Station, Bikás park, and Kelenföld also experienced significant rises in real estate prices.

In 2015 and 2016, there was a large increase in prices, 15-45%, in the areas around virtually every metro station, with the exception of Kálvin Square and Újbuda-központ where only a slight, 2-5pc increased could be observed.

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