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.
Demand on the Hungarian home market is "lively" and could increase further in 2025, although home purchases for investment will dominate, Sandor Winkler, a department head at the National Bank of Hungary (NBH), said presenting the central bank's latest report on the market.
The government only wants to tighten short-term home rents in Budapest, the Economy Ministry said on Monday after 26 tourism associations signed a letter arguing for a compromise between a complete ban and the current regulation for Airbnb-type of rents.
Home sales in Hungary climbed 21pc year-on-year to 9,754 in September, a monthly estimate by listed real estate broker Duna House shows.
First-time homebuyers accounted for 23 of every hundred transactions in the capital this year, and 26 of every 100 in the rest of the country, listed real estate broker Duna House said.
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