"Home prices are expected to drop 9% this year after adjusting for inflation, according to mortgage bank FHB. Prices fell an inflation-adjusted 7.5% last year.There will be great variations in prices depending on location and the type of property, said FHB deputy CEO Laszlo Harmati.
Land prices will be an exception, he noted, as pent-up demand drives prices up.
The FHB home price index fell to 179 points in the third quarter of 2009 from its peak of 200 in the first quarter of 2008.
The 100-point starting value of the index was based on the average price in 2000."
Source: Hungary Around the Clock.
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24.02.2010