Home Sales In Hungary Starting To Recover

  • 5 Jun 2020 9:34 AM
  • Hungary Around the Clock
Home Sales In Hungary Starting To Recover
Home sales in May reached 8,200, down by 38% from one year earlier but up by 35% from the previous month, property agency Duna House estimates.

Weekly data confirm the start of a gradual recovery, as the decrease from one year earlier fell to 22-31% in the last week of May.

If this trend continues, then the level experienced in recent years can be reached within months, the agency forecast.

Budapest home sales figures remain significantly below the peak volumes of 2018. Sales volume dropped by 40% in the city from 2018 to 2019.

  • How does this content make you feel?

XpatLoop Media Partner

Hungary Around the Clock

Since 1995 Hungary Around the Clock has proven to be one of the most comprehensive sources of daily English-language news about Hungary. It covers ongoing domestic politics and foreign relations, as well as business and economic matters. For a free trial of HATC visit www.hatc.hu and click on 'Free Trial Subscription’.

Explore More Reports

  • Waterfront Properties Popularity Still Buzzing In Hungary

    Waterfront Properties Popularity Still Buzzing In Hungary

    • 7 Jul 2020 7:51 AM

    According to data of OTP Ingatlanpont, the market of waterfront real estate is still buzzing in the areas outside Lake Balaton, and interest is also lively on the banks of the Danube, as well as on Lake Velence, the Tisza and Lake Fertő, as prices have not been pushed back by the epidemic, writes origo.hu

  • Hungarian Housing Market Slowed Before Coronavirus

    Hungarian Housing Market Slowed Before Coronavirus

    • 17 Jun 2020 9:38 AM

    The novel coronavirus epidemic hit a housing market that had already slowed down, said Tamás Nagy, head of department at the National Bank of Hungary (MNB), writes penzcentrum.hu.

  • HUF 300,000 Per Sqm Minimum For Real Estate In Budapest

    HUF 300,000 Per Sqm Minimum For Real Estate In Budapest

    • 20 May 2020 1:05 PM

    There is no district in Budapest where the average price per square meter of real estate is below HUF 300,000, according to an analysis by OTP Ingatlanpont, writes economic and political weekly HVG.