Lawyer's addressLövőház utca 20/A.
1024 Budapest Hungary

Attorney's phone number Tel.: +36 1 316 9233
Law office's fax number Fax.: +36 1 336 0107
Attorney's office e-mail

First Apartment Trivia 14.12.16 – Demand and opportunity tend to arise ever later for young people to have their own first apartment and household. According to data collected by the Hungarian Statistical Office during the past 10 years young Hungarians leave the family home at the average age of 27.5.

During this ten-year period a total of 280,000 young people moved to their first new home, 75 per cent of them started their new life as proud owners. Ten years ago the average purchase price of the first home was HUF 9 million (approx. EUR 28 650 at current exchange rate) and it bought a studio or a one bedroom apartment.

This has also changed during the past decade although HUF 9 million does not seem a lot if we include the properties purchased in small settlements and small towns. An apartment bought for HUF 9 million ten years ago can be worth twice as much today. Only a few fortunate can buy their second apartment without having to sell the first one. The majority adds HUF 3 to 4 million to the selling price and buys an apartment with one or two bedrooms more.