• Home
• Channel: Property
• Home Sales & Lending Surge In Hungary

Home Sales & Lending Surge In Hungary

• 6 Apr 2021 9:29 AM
• Hungary Around the Clock

Home sales were up 41% year-on-year to 15,630 in March, real estate broker Duna House reports. Transactions exceeded the 15,000 level for the first time in ten years.

In the first quarter, home sales were up 21% year-on-year, to a ten-year high of 41,384.

Strong demand is due to the change in housing needs caused by the pandemic, and to home support subsidies, Duna House said, adding that these trends could lead to double-digit price growth.

The housing loan market also experienced a surge in March.

Duna House forecast a monthly Ft 93 billion in mortgage loans, which would be the highest level on record.

 

MTI Photo: Tibor Oláh

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

• Home Sales Lending Property Housing Loan

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

Employer Housing Support Thresholds to Rise in Hungary

• 15 Nov 2024 12:17 PM

The government will raise the amount of housing support, with tax preferences, employers may offer their workers, Gergely Gulyas, the head of the Prime Minister's Office said at a regular press briefing.



Hungarian Housing Market Recovered in February

• 5 Mar 2024 3:51 PM

Offers on the residential real estate market for sale increased in monthly and annual comparisons in February, while demand also increased significantly, ingatlan.com reported on Friday based on its own data.



Home Sales Explode in Hungary

• 4 Mar 2024 6:44 AM

There were 10,754, homes sold in February, a 72% rise from a year earlier, when the housing market was in an abyss, according to an estimate by property agency Duna House released.



Home Sales Drop in Hungary

• 5 Jul 2023 8:32 AM

The number of home sales in Hungary was 7,120 in June, down from 10,187 in May, and down by 34.4% from 10,859 a year earlier, the Duna House property agency estimates.