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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.
XpatLoop Media Partner
Vietnamese are currently the biggest buyers in the Hungarian property market, followed by Israeli and Chinese buyers and investors.
Housing sales surged 89% year-on-year to 11,538 in July, the highest figure to date in 2024, and a 24% increase from the previous month, real estate broker Duna House said in a monthly estimate.
Housing market turnover was 36% higher between January-March 2024 than a year earlier, according to the latest summary from the Central Statistical Office (KSH), based on preliminary data.
The Hungarian real estate market has seen a noticeable reduction in the time homes spend on the market before being sold, according to the latest data from the listings site ingatlan.com.
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