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The launch of the Otthon Start program in August brought a remarkable turnaround to the Hungarian real estate market. According to Duna House data, the number of inquiries surged to a record high by the end of summer: in August, property viewings increased by nearly 54% compared to July. While activity slightly slowed in early September down by around 10%—interest levels still remain significantly higher than at the beginning of the summer.
September 2025 – “Housing Demand in Hungary Expected to Peak Towards Winter”
The launch of the Otthon Start program in August brought a remarkable turnaround to the Hungarian real estate market. According to Duna House data, the number of inquiries surged to a record high by the end of summer: in August, property viewings increased by nearly 54% compared to July. While activity slightly slowed in early September down by around 10% interest levels still remain significantly higher than at the beginning of the summer.
Transaction Numbers Show Real Market Growth
The transaction volume also reflects the fast-paced revival of the Hungarian housing market. Nearly 10,000 property sales were closed in June, slightly fewer in July, but by August more than 11,000 deals were completed, representing a month-on-month growth of almost 20%. These figures clearly show that the end-of-summer demand has matured into real, finalized transactions.
Inquiries Today, Transactions Tomorrow
Experts emphasize the natural time lag between property inquiries and signed contracts. Loan approvals, due diligence, and contract administration often take several weeks. This means that the high levels of demand recorded in September are expected to appear more strongly in the November housing statistics, when the backlog of applications begins to close.
Winter Could Be the Strongest Season
Forecasts suggest that the final months of 2025 may become particularly outstanding for the Budapest property market and nationwide housing activity.
Conservative estimates predict 12,000–15,000 monthly transactions.
More optimistic projections foresee as many as 17,000–19,000 sales per month in peak periods.
This trend indicates that the summer boost is stabilizing, while autumn and winter could bring another wave of record-high demand. Both property sellers and buyers should prepare for heightened competition, as the market is expected to remain exceptionally active even during the winter months.
Key Takeaways
The late-summer momentum and strong September interest confirm that the Hungarian housing market is gearing up for a new peak in autumn and winter. With buyer demand holding firm and sellers eager to seize the opportunity, the coming months may be among the most competitive periods the market has seen in recent years.
Whether you are planning to sell your apartment in Budapest or searching for a new investment, now is the time to take action and position yourself ahead of the seasonal surge.
