Hungary’s Home Sales Decline By 16% In August
- 4 Sep 2019 7:23 AM
- Hungary Matters
For the period January-August, home sales were down 3% year-on-year at 102,104.
For the period January-August, home sales were down 3% year-on-year at 102,104.
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Home sales were up 72% year-on-year to 10,754 in February, the highest figure in 20 months, real estate broker Duna House estimates.
Some 1,500 people who purchased condominium units in the largest real estate development project in Budapest have been unable to move in due to a dispute between the developer, the D&B real estate group, and construction company KÉSZ Építő.
There were 10,754, homes sold in February, a 72% rise from a year earlier, when the housing market was in an abyss, according to an estimate by property agency Duna House released.
Rents in Budapest have increased by 19% in a year, fuelled mainly by record high inflation, Rentingo.com says in its latest analysis of the market.
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