Hungarian Households Expect Home Prices to Climb Further

  • 6 Jul 2021 7:06 AM
  • Hungary Around the Clock
Hungarian Households Expect Home Prices to Climb Further
Expectations for the housing market have been steadily improving since the second quarter of last year, with respondents expecting prices of second-hand homes to rise in all regions in the near future, and a double-digit increase of 11% for new homes, according to a survey by economic research institute GKI and building materials maker Masterplast.

The quarterly GKI-Masterplast Budapest housing market index rose 13 points on an annual basis and by five points compared to the previous quarter.

On a national average, a slight majority of respondents expect prices of second-hand homes to rise over the next 12 months.

Outside Budapest, the share of respondents speculating on price increases is close to two-thirds, while in the capital the proportions of respondents predicting price increases and stagnation do not significantly differ, at 44% and 46%, respectively.

More people expect higher rents in the capital.

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