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Housing Market Turnover Could Increase 10-15% This Year

• 10 Dec 2021 7:32 AM
• Budapest Business Journal

Looking at this year as a whole, a double-digit price increase is expected in the housing market, according to an analysis of OTP Mortgage Bank's latest Residential Property Map, writes origo.hu.

This year, the turnover and price level in the housing market may increase by 10-15%, based on data from the National Tax and Customs Administration for the first three quarters, which show an annual increase of 11%.

OTP added that data from the Central Statistical Office shows a 17% increase in sales in the first quarter and another increase in the second three months compared to the same period last year.

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Budapest Business Journal

Hungary's largest and oldest source of business and financial news in English. Since 1992 it has presented essential information on Hungarian business life, including international analyses about the country. These days the BBJ newspaper is published every other week, while it releases daily business news online including premium paid content.

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