• Home
• Channel: Property
• Housing Market in Hungary Shows Robust Growth

Housing Market in Hungary Shows Robust Growth

• 13 Mar 2024 5:43 AM
• Hungary Around the Clock

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.

Compared to January, transactions grew by 29%.

The increased activity in the real estate market is attributed to falling borrowing costs and new home purchase subsidy schemes.

Banks signed Ft 70 billion in mortgage contracts last month, down 5% from January, but more than twice as much as in February of last year, according to Duna House calculations.

********************************************************************************************
You're very welcome to comment, discuss and enjoy more stories, via our Facebook page: 
Facebook.com/XpatLoopNews + via XpatLoop’s groups: Budapest Expats / Expats Hungary

You can subscribe to our newsletter here:
XpatLoop.com/Newsletters

Do you want your business to reach tens of thousands of potential high-value expat customers?
Then just contact us here!

Related links

Home Sales Climb 21% in Hungary

• How does this content make you feel?
• I love it
• I like it
• I dislike it

• Housing Market Real Estate

XpatLoop Media Partner

Hungary Around the Clock

Since 1995 Hungary Around the Clock has proven to be one of the most comprehensive sources of daily English-language news about Hungary. It covers ongoing domestic politics and foreign relations, as well as business and economic matters. For a free trial of HATC visit www.hatc.hu and click on 'Free Trial Subscription’.

Explore More Reports

25,000 New Apartments Being Built in Budapest

• 19 Apr 2024 9:03 AM

About 25,000 new apartments are being built in Budapest, according to a March housing market survey from Otthon Centrum.



Rent in Budapest Skyrocketing - Where's Most Expensive and Cheapest?

• 17 Apr 2024 5:45 AM

According to the Central Statistical Office (KSH) and the ingatlan.com rent index, rent prices were 11.7 percent higher in the country and 12.4 percent higher in the capital in March compared to a year earlier.



'Exploiting Hidden Reserves': New Budapest City Agency Launched to Ease Housing Shortage

• 21 Mar 2024 5:05 AM

Budapest Mayor Gergely Karácsony announced the establishment of a city agency to match renters with home owners at a press conference.



Dispute at Largest Real Estate Development Project in Budapest Leaves Condo Owners Homeless

• 7 Mar 2024 6:31 AM

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.