Duna House estimated that mortgage outlays came to HUF 115bn in February, up 35pc from the same month a year earlier.

Home sales in January-February were up 7.8pc at 20,605 compared to the same period last year.

Duna House earnings climb 18pc in 2024

Net income of listed real estate broker Duna House rose 18pc to HUF 2.9bn in 2024, an earnings report published shows.

Net sales revenue climbed 21pc to HUF 39.6bn. In Hungary, Duna House booked after-tax profit of HUF 0.9bn on sales of HUF 7.5bn. In Poland, it broke even on sales of HUF 10.8bn. In Italy, profit reached HUF 1.4bn on sales of HUF 21.1bn.

Earnings per share were close to HUF 61.

Duna House noted that it had outperformed its profit targets for the full year.

The board plans to propose payment of a HUF 43.6-per-share dividend at an annual general meeting scheduled for April 30.

Guidance for 2025 shows clean core after-tax profit of HUF 2.9bn-3.6bn, up from HUF 2.4bn in 2024.

Govt to launch HUF 200bn Housing Capital Programme

The HUF 200bn Housing Capital Programme initiated by the National Economy Ministry will be launched in March, state secretary for international financial affairs Marton Bokay said.

Bokay said the HUF 200bn limit of the scheme is expected to generate real estate developments worth HUF 800bn-1,000bn, contributing to the construction of close to 30,000 residential properties in 5 years.

The head of the National Capital Holding, which coordinates the scheme, said he was confident that the financing could curb the rise in real estate prices by boosting the supply side.

Participation will be open to property funds from March 17 until March 24; at least 80pc of the capital allocation must be spent on the construction of homes, rental homes and dormitories, Sandor Buda said.

The remaining amount can be used on building office, logistics and commercial real estate. The funds can only be spent on domestic investments and the investors must comply with modern energy-efficiency standards, he added.

One fund manager can apply with several funds, for a minimum of HUF 5bn per fund. The maximum allocation per fund manager is HUF 20bn.

The share of own resources must reach 30pc of the fund's net asset value and the expected return is in line with market conditions. If necessary, the limit amount could be raised to HUF 300bn, Buda said.

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

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