Hungarian National Bank

For Budapest, Prague and Sofia, Brownfield Sites Are No Cure for Housing Blues

Huge projects are due to deliver new neighbourhoods in Prague. Photo: Central Group Priced out

In the Hungarian capital, buyers need more than 16 average annual salaries to buy a 75 square metre (m2) apartment. This means that if you start working at 23 and miraculously don't spend on anything else, at 40 you can own a home. This trend accelerated especially from 2015 on.