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For the period January-September, home sales increased by 2.88% to 118,360.
XpatLoop Media Partner
The government has approved a 3pc home purchase credit programme for first-time buyers, Prime Minister Viktor Orban said during a break at a cabinet meeting.
After a surge at the beginning of the year, demand for homes in Hungary slowed in June, but supply continued to grow, giving buyers the upper hand, real estate broker Ingatlan.com said in a report.
The presence of younger generations on the Budapest real estate market has declined, with fewer purchases aimed at downsizing or enabling young adults to move out of the family home, according to Duna House.
Home prices in Hungary rose 12.1pc year-on-year in May, listings site Ingatlan.com said.
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