New Home Prices Climb Almost 9% In Q1
- 27 Jul 2018 7:48 AM
- Hungary Matters
Resale home prices rose 7.9% during the period, KSH said.
Compared with prices in 2010, new home prices were up 27.4% and resale home price increased by 29.5% in Q1.
Resale home prices rose 7.9% during the period, KSH said.
Compared with prices in 2010, new home prices were up 27.4% and resale home price increased by 29.5% in Q1.
Some 1,500 people who purchased condominium units in the largest real estate development project in Budapest have been unable to move in due to a dispute between the developer, the D&B real estate group, and construction company KÉSZ Építő.
Based on the primary demand and supply indicators, the capital's new housing market shrank by half last year, according to OTP Jelzálogbank's latest Budapest New Home Value Map, writes profitline.hu.
Thanks to the opportunities offered by the northern and eastern border regions and Transdanubia – commuting and old-age resettlement – the interest of foreign home buyers is already higher than before the epidemic, writes Magyar Nemzet.
Nationally, the demand for real estate for sale decreased by 42% on an annual basis between January and May.
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