Home Sales Drop Sharply in Hungary
- 2 Oct 2026 9:22 AM
Home sales in Hungary fell 30pc year-on-year to 9,385 in September, albeit from a high base, a monthly estimate by listed real estate broker Duna House shows.
For the period January-September, home sales fell 15pc to 83,308.
Data from Duna House group member Credipass show mortgage outlays came to HUF 239bn in September, surging 112pc from the same month a year earlier on demand generated by the Home Start subsidised credit scheme for first-time home buyers.
Meanwhile, Households borrow net HUF 199bn in August - NBH
Households borrowed net HUF 199bn from local banks in August, data published by the National Bank of Hungary (NBH) on Thursday, 1 Ocotber show.
Stock of home loan contracts rose HUF 143bn and stock of personal loans increased HUF 47bn during the month.
Retail lending stock rose to HUF 14,426bn at the end of the month. The stock included HUF 2,250bn of prenatal baby support loans and HUF 212bn of subsidised credit for blue collar workers.
The average rate for home loans stood at 7.27pc in August, down 27bp from the previous month. The rate for personal loans fell 42bp to 13.82pc.
Households made net deposits of HUF 76bn on their forint accounts but withdrew net HUF 31bn from FX accounts during the month.
Retail deposit stock reached HUF 15,983bn at the end of the month.
The average rate banks paid retail clients for fixed deposits was 3.95pc in August, down 18bp from the previous month.
Source: MTI – Hungary’s national news agency since 1881.
MTI Photo
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