Hungarian Housing Market Recovered in February

  • 5 Mar 2024 3:51 PM
  • Budapest Business Journal
Hungarian Housing Market Recovered in February
Offers on the residential real estate market for sale increased in monthly and annual comparisons in February, while demand also increased significantly, ingatlan.com reported on Friday based on its own data.

László Balogh, the leading economic expert at the website, explained that in February, more than 260,000 inquiries were received for apartments and houses for sale, 25% more than in February last year.

The decrease in home loan interest rates also plays a role in this, and the base interest rate fell further last week, contributing to the lower interest rate environment.

More affordable housing loans are also crucial for buyers because those who would finance their move with a market-based loan can be more courageous.

MTI Photo

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Budapest Business Journal

Hungary's largest and oldest source of business and financial news in English. Since 1992 it has presented essential information on Hungarian business life, including international analyses about the country. These days the BBJ newspaper is published every other week, while it releases daily business news online including premium paid content.