Housing Market Tightens in Hungary
- 18 Nov 2022 6:19 AM
- Hungary Matters
The NBH’s Home Market Report noted that demand for homes in the third quarter fell by an annual 35% in the capital and were down 36% in the rest of the country.
The NBH’s Home Market Report noted that demand for homes in the third quarter fell by an annual 35% in the capital and were down 36% in the rest of the country.
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Launched in January 2014, this newsletter published on week days covers 'everything you need to know about what’s going on in Hungary and beyond', according to its publisher the state media agency MTI.
About 25,000 new apartments are being built in Budapest, according to a March housing market survey from Otthon Centrum.
According to the Central Statistical Office (KSH) and the ingatlan.com rent index, rent prices were 11.7 percent higher in the country and 12.4 percent higher in the capital in March compared to a year earlier.
Budapest Mayor Gergely Karácsony announced the establishment of a city agency to match renters with home owners at a press conference.
Home sales were up 72% year-on-year to 10,754 in February, the highest figure in 20 months, real estate broker Duna House estimates.
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