• Home
• Channel: Property
• Housing Market Tumbles In Hungary

Housing Market Tumbles In Hungary

• 5 May 2020 8:06 AM
• Hungary Matters

Hungary’s housing market shrank by 58% in April compared with the same month a year earlier, on the back of a lockdown and economic uncertainty due to the novel coronavirus epidemic, according to real estate broker Duna House.

Property sales came to 5,971 in April compared with 14,166 last year, Duna House said. In January-April, the sales of flats and houses in Hungary came to 40,105, down 24% from the same period in 2019.

Citing a weekly breakdown of sales, the broker said the market reached its low point in the first two weeks of April, when sales were down 67%.

Demand has since started to pick back up, Duna House said, adding that actual sales were only expected to rise, however, if the epidemic remains under control.

MTI Photo: Zsolt Czeglédi

• How does this content make you feel?
• I love it
• I like it
• I dislike it

• Housing Market

XpatLoop Media Partner

Hungary Matters

Launched in January 2014, this newsletter published on week days covers 'everything you need to know about what’s going on in Hungary and beyond', according to its publisher the state media agency MTI.

Explore More Reports

2025 Forecast: Demand & Sales to Pick Up On Real Estate Market in Hungary

• 21 Dec 2024 5:45 AM

After this year's reversal of trends, a strengthening real estate market in terms of transaction numbers and prices, an ever-widening customer base, and a further 10pc expansion of the credit market are expected next year, listed real estate broker Duna House said in its forecast for 2025.



Building Materials Market Set to Remain Tight in Hungary

• 20 Dec 2024 8:39 AM

Attila Juhasz, the head of EVOSZ's building materials section, said there are very few ongoing state or private investment projects and both consumers and businesses have been put off by high interest rates.



Home Prices in Hungary Climb Over 10% this November

• 11 Dec 2024 6:08 AM

Home prices in Hungary rose 10.2pc year-on-year in November, listings site ingatlan.com said.



'Lively' Home Market in Hungary - Latest Analysis Reveals Price & Sales Trends

• 21 Nov 2024 8:40 AM

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.