• Home
• Channel: Property
• Home Sales Hit Nine-Year Low in Hungary

Home Sales Hit Nine-Year Low in Hungary

• 3 Nov 2022 6:16 AM
• Hungary Around the Clock

The number of home sales was 8,326 in October, down by 28% a year earlier and a weak figure compared to earlier Octobers as well, property agency Duna House said as it released estimates.

The figure, a 9% drop from September, is the weakest monthly figure this year and the weakest since October 2013.

All home purchasing subsidies will still be available until the end of the year, Portfolio adds, but it is expected that even this will not be sufficient to make up for the slowdown caused by the decrease in demand due to the worsening economic situation.

Due to the rise in loan interest rates and the uncertainty caused by the energy crisis, Duna House forecast a weak fourth quarter.

MTI Photo: Csaba Jászai

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

• Home Sale

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

Dispute at Largest Real Estate Development Project in Budapest Leaves Condo Owners Homeless

• 7 Mar 2024 6:31 AM

Some 1,500 people who purchased condominium units in the largest real estate development project in Budapest have been unable to move in due to a dispute between the developer, the D&B real estate group, and construction company KÉSZ Építő.



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.



New Housing Market in Budapest Shrank by Half Last Year

• 22 Jan 2024 11:15 AM

Based on the primary demand and supply indicators, the capital's new housing market shrank by half last year, according to OTP Jelzálogbank's latest Budapest New Home Value Map, writes profitline.hu.



Foreigners’ Propensity to Buy Housing in Hungary at Five-Year High

• 4 Dec 2023 7:04 AM

Thanks to the opportunities offered by the northern and eastern border regions and Transdanubia – commuting and old-age resettlement – the interest of foreign home buyers is already higher than before the epidemic, writes Magyar Nemzet.