New Home Prices Edge Up 3% in Hungary

  • 8 Dec 2022 5:18 PM
  • Budapest Business Journal
New Home Prices Edge Up 3% in Hungary
New home prices in Hungary could edge up 3% in the coming year, while resale home prices fall close to 4%, according to a quarterly survey of real estate companies and consumers by building materials maker Masterplast and economic research institute GKI, according to azuzlet.hu.

Around 64% of the respondents to the survey said new home prices would stagnate over the next 12 months, while 32% predicted an increase in prices.

Half of the respondents said resale home prices would fall and 16% said prices would climb. The survey suggests home rents will stagnate.

The survey results were based on responses from 91 real estate companies and a representative sample of 1,000 consumers.

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Budapest Business Journal

Hungary's largest and oldest source of business and financial news in English. Since 1992 it has presented essential information on Hungarian business life, including international analyses about the country. These days the BBJ newspaper is published every other week, while it releases daily business news online including premium paid content.

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