Resale home prices grew at a faster rate on an annual basis, up 12.4%, with a 3.6% quarter-on-quarter increase.

The number of homes sold last year grew 5.1% to 154,000, boosting the total value of these transactions to Ft 2.2 trillion, for 16% annual growth.

The average price of used homes was Ft 24.4 million in Budapest, a 3.2% annual rise. The same for homes in county seats rose by 13% to Ft 13 million.

The price gap between Budapest and the countryside continued to widen. The average price per square metre for resold homes was Ft 463,000 in Budapest, Ft 141,000 in small towns and Ft 70,000 in villages.