Home Sales In Hungary Down 6% In September
- 2 Oct 2018 7:53 AM
- Hungary Matters
For the period January-September, home sales increased by 2.88% to 118,360.
For the period January-September, home sales increased by 2.88% to 118,360.
Following a period of rapid escalation, the Budapest new-build housing market has entered a phase of stabilization. Data released by real estate broker Duna House and market researcher ELTINGA reveals that while prices have leveled out, a significant increase in available inventory is shifting the market dynamic.
Hungary's commercial property market is past its cyclical low point, but weak economic growth is holding back a recovery and geopolitical uncertainty is weighing on outlooks, the National Bank of Hungary said in a report on the market released on Tuesday.
Recent data from the DH Group reveals that District XIII remains the most sought-after neighbourhood in the capital. In March, it captured 22.9% of buyer interest, continuing a year-long streak of outperforming every other district in Budapest.
Home sales in Hungary were down 5.3pc year-on-year at 11,554 in March, a monthly estimate by listed real estate broker Duna House shows.
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