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More homes were sold last year than in previous years. The favorite was the 11^th district but the 9^th, 8^th and 13^th district apartments were also expected to sale, penzcentrum.hu says.

Last year, more than about by 50% flats were sold in Budapest than in the year before – OTP Mortgage Bank’s analysis says. The Budapest New Flat Value Map, however, also notes that investors are only beginning to respond the boosting demand by launching new projects. Despite the small lag, OTP expects that the number of the sold flats will grow by a quarter this year. Updating the supply would also be urgent, because the transferred but unsold housing stock dropped from 3800 to 1100 in the capital in five years.

Enthusiasm experienced in the housing market reached the newly-built flats too. The evidence for this that after the minimal recovery in 2013, number of sold newly-built flats increased by roughly 50% last year. Since the crisis, more flats than the 2500 sold flats were sold only in 2011.

According to penzcentrum.hu, 11^th district was the favorite with 470 sold flats; New Buda and the 9^th, 8^th and 13^th district made up nearly two-thirds of the total sales. In addition, sales volumes exceeded one hundred in the 3^rd, 7^th and 14^th districts too.

The traffic usually boosts due to the good investment opportunities in the real estate market, to which the growing attractiveness because of the handover of Metro 4 in the 11^th district was added too – David Valko says senior real market analyst of OTP Mortgage Bank. It is predicted decline in house prices in the past 5-6 years will be stopped, and hope for the increase in value of return from rent – for new homes stably above average – encourages many people to buy flats. Nevertheless, the supply of new homes shrunk so much last years that there became a shortage of them, the launched projects enjoy a big demand.