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Hungary Ranks Last In European Real Estate Price Change

• 17 Jul 2020 7:44 AM
• Budapest Business Journal

According to the latest housing price index published by Eurostat this week, covering the first quarter of 2020, Hungary ranks last among the 27 EU countries in terms of change in real estate prices, writes penzcentrum.hu.

Compared to the same period of the previous year, real house prices decreased by 5.4%.

The EU shows a very mixed picture, as varying price increases are still seen in the vast majority of countries this year.

Luxembourg is in the lead with 12.3% year-on-year, and in Estonia, housing prices have risen by an average of more than 10% compared to the first quarter of 2019.

Ireland is the only other country to show a price drop, the business website notes.

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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.

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