Property Market Confidence Inches Up In Hungary

  • 10 Aug 2010 1:00 AM
Property Market Confidence Inches Up In Hungary
"Ecostat’s real estate barometer rose five percentage points, to 42%, in the first half of the year, the economic research group said. The sub-index gauging the corporate sector’s expectations on market activity climbed most, by 5.7%, as they foresee a stagnation or moderate rise in leasing and construction.

Meanwhile the sub-index for property sellers rose 4.3 percentage points. The increase signals a moderate rise in demand for homes after a long period of oversupply as well as renewed interest on the leasing market.

The home buyers index was up 4.1 percentage points, to 45.7%, by June, which is still below the 50% mark, a sign that consumers still expect a fall in the property market.

Building-material prices are set to rise 3.7% this year, below Ecostat’s inflation forecast of 4.8%. "

Source: Hungary Around the Clock.

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