For the period January-August, home sales fell 12.3pc year-on-year to 73,923.

Data from Duna House group member Credipass show mortgage outlays came to HUF 255bn in August, surging 141.3pc from the same month a year earlier on demand generated by the Home Start subsidised credit scheme for first-time home buyers.

Meanwhile, More central bank property investments reported to authorities

The National Bank of Hungary (NBH) has reported more property investments undertaken by the central bank's former management on suspicion of misappropriation.

In a statement on Thursday, the NBH said it reported five real estate investments on the basis of a report that indicated they were "significantly overpriced" judging from the deviation between their appraised value and book value.

The NBH earlier reported to authorities the renovation of its headquarters. The latest reports involve the NBH's training centre in Balatonakarattya, on the shores of Lake Balaton, as well as four buildings in the capital, including landmark ones in the Castle District.

Source: MTI – Hungary’s national news agency since 1881.

Photo: Pixabay

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