Housing market: High costs in Hungarian cities make smaller towns and cities abroad more appealing

Budapest is considered one of the less affordable cities, according to the central bank’s comparison of the housing market. The dynamic growth of housing prices in Central and Eastern Europe over the past 4-5 years has narrowed the previously significant gap in price levels between the more developed regions of Europe and the rapidly developing Central and Eastern European countries, writes Pénzcentrum.

Although internal migration is relatively uncommon among Hungarians, it is still feasible to relocate to another part of the country for a job with better opportunities, education,…