Hungary’s Home Sales Decline By 16% In August
- 4 Sep 2019 7:23 AM
- Hungary Matters
For the period January-August, home sales were down 3% year-on-year at 102,104.
For the period January-August, home sales were down 3% year-on-year at 102,104.
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Demand on the Hungarian home market is "lively" and could increase further in 2025, although home purchases for investment will dominate, Sandor Winkler, a department head at the National Bank of Hungary (NBH), said presenting the central bank's latest report on the market.
Roughly 6,300 foreign citizens bought residential units in Hungary in 2023, which is 1,700 fewer than a year earlier, but in some districts of Budapest, one in five apartments sold went to a foreign buyer.
Home sales in Hungary climbed 37pc year-on-year to 10,738 in October, a monthly estimate by listed real estate broker Duna House shows.
Home sales in Hungary could reach 130,000 this year, climbing from around 100,000 in 2023, David Valko, the chief analyst for OTP Ingatlanpont, the real estate broker of OTP Bank said.
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