Home Sales Drop in Hungary

  • 5 Jul 2023 8:32 AM
  • Hungary Around the Clock
Home Sales Drop in Hungary
The number of home sales in Hungary was 7,120 in June, down from 10,187 in May, and down by 34.4% from 10,859 a year earlier, the Duna House property agency estimates.

The number of home sales in the first half amounted to 43,987, a decline of 41% from a year earlier, and also 47% lower than in the first half of 2021 and down by 26% from the first half of 2020.

Duna House originally forecast 2023 home sales of 90,000-110,000, but, based on the current figures it seems that the lower end is more feasible, Portfolio adds.

Analysts have been expecting a stronger second half, a view now supported by the newly announced changes in home purchase subsidies, the website notes.

MTI Photo: Csaba Jászai

  • How does this content make you feel?

XpatLoop Media Partner

Hungary Around the Clock

Since 1995 Hungary Around the Clock has proven to be one of the most comprehensive sources of daily English-language news about Hungary. It covers ongoing domestic politics and foreign relations, as well as business and economic matters. For a free trial of HATC visit www.hatc.hu and click on 'Free Trial Subscription’.

Explore More Reports