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• Home Prices Climb Again in Hungary - Nationwide Comparison Revealed

Home Prices Climb Again in Hungary - Nationwide Comparison Revealed

• 16 Sep 2024 7:00 AM

Home prices in Hungary rose 6.5pc year-on-year in August, after climbing 6.4pc in July, listings site ingatlan.com announced.

Home prices in Pest County rose just 3.2pc in August, but prices in the Northern Great Plains region, home to Debrecen, Hungary's second-biggest city, climbed 8.3pc.

Prices in Western Transdanubia were up 8.1pc and prices in the capital rose 7.8pc.

The price of homes in Budapest averaged HUF 1,060,000/sqm in the first two weeks of September, ingatlan.com confirmed.

In Debrecen, prices averaged 833,000/sqm, while they averaged HUF 793,000/sqm in Gyor, HUF 791,000/sqm in Veszprem, HUF 782,000/sqm in Szekesfehervar and HUF 771,000/sqm in Szeged.

Meanwhile, Construction Sector Output in Hungary is Down

Output of Hungary's construction sector fell 6.2pc year-on-year in July, data released by the Central Statistics Office (KSH) shows.

Output of the buildings segment slipped 2.8pc and civil engineering output dropped 10.6pc.

In absolute terms, construction sector output reached HUF 665bn in July. The buildings segment accounted for 58pc of the total.

In a month-on-month comparison, construction sector output edged up 1.0pc, adjusted for seasonal and workday effects.

Order stock was 21.0pc higher at the end of July than twelve months earlier. Buildings segment orders fell 5.4pc but civil engineering orders rose 47.8pc.

New orders were up 108.0pc during the period. New orders in the buildings segment dipped 22.4pc but new civil engineering orders jumped 283.0pc because of high-value contracts for road construction.

For the period January-July, construction sector output rose 3.0pc from the same period a year earlier.

Source: 
MTI - The Hungarian News Agency, founded in 1881.

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