Sales of Homes in Hungary Hit Eight-Year Low
- 3 Jan 2023 11:29 AM
- Hungary Around the Clock
Monthly transactions were lower only in April 2020, after the pandemic restrictions were introduced.
In 2022 as a whole, home sales fell by 22% to 125,171, the lowest annual figure since 2014, when total sales reached 113,000.
Duna House expects home sales to fall further in 2023 to 90,000-110,00.
The agency estimates that households took out Ft 1.2 trillion in mortgage loans last year, 6.6% less than the record volume seen in 2021.
Mortgage outlays in December fell by 48% year-on-year to Ft 55 billion, down by 8% from the previous month.
MTI Photo: Csaba Jászai
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