Hungary’s Home Sales Decline By 16% In August
- 4 Sep 2019 7:23 AM
- Hungary Matters
For the period January-August, home sales were down 3% year-on-year at 102,104.
For the period January-August, home sales were down 3% year-on-year at 102,104.
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Rents in Budapest have increased by 19% in a year, fuelled mainly by record high inflation, Rentingo.com says in its latest analysis of the market.
Home sales in Hungary rose by an annual 21% to 7,813 in December, a monthly estimate by listed real estate broker Duna House shows. For the full year, home sales reached 90,840, down 27% from 2022.
Thanks to the opportunities offered by the northern and eastern border regions and Transdanubia – commuting and old-age resettlement – the interest of foreign home buyers is already higher than before the epidemic, writes Magyar Nemzet.
The rise in second-hand housing prices in the capital has stopped in all segments this year, with home prices actually decreasing in some districts of Budapest, according to research by Otthon Centrum.
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