Home Sales Set To Reach 155,000 This Year

  • 31 May 2016 9:00 AM
Home Sales Set To Reach 155,000 This Year
Home sales in Hungary could rise to 155,000 this year from 130,000- 135,000 in 2015, according to an analysis by Otthon Centrum, which runs a franchise network of real estate brokers. New homes could make up 3-4% of the total, Otthon Centrum said.

It added that the number of new homes could rise to 10,000-12,000 this year from 7,600 in 2015, lifted by the government’s home purchase subsidy scheme and a simplified procedure for obtaining building permits.

Otthon Centrum’s data show the price of resale homes in the capital rose almost 30% year-on-year in the first quarter of this year.

The price of new homes was up 25% and prices of detached homes rose 15%. In other cities around the country, prices were up 5-15%.

Republished with permission of Hungary Matters, MTI’s daily newsletter.

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