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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
The presence of younger generations on the Budapest real estate market has declined, with fewer purchases aimed at downsizing or enabling young adults to move out of the family home, according to Duna House.
Home prices in Hungary rose 12.1pc year-on-year in May, listings site Ingatlan.com said.
Home sales in Hungary fell 6.5pc year-on-year to 10,262 in May, a monthly estimate by listed real estate broker Duna House shows.
Property purchases by non-EU citizens in Hungary rebounded to pre-pandemic levels in 2024, as 3,647 transactions were submitted for clearance, of which 3,485 were approved, real estate brokerage Duna House reports.
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