Budapest Home Prices Drop In Q2, A Decrease Last Seen In 2013
- 29 Oct 2020 8:16 AM
- Hungary Around the Clock
Budapest home prices were down 2.5% year-on-year in the second quarter, a decrease last seen in 2013, the MNB reported on Wednesday.
Prices dropped by 5.6% from the first quarter.
In Hungary as a whole, home prices saw increases of 7.5% year-on-year and 2.3% compared to the first quarter.
In other cities, home prices fell by 7.3% year-on-year and by 0.8% from the January-March period.
Meanwhile, home prices in villages shot up by 13.8% from the first to the second quarter.
In real terms, adjusted for inflation, home prices were up 6.9% year-on-year in the first quarter but increased by only 4.9% year-on-year in the second.
MTI Photo: Honéczy Barnabás
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