National and Capital Real Estate Prices Diverge
National and capital real estate prices followed different paths in January, with housing prices decreasing minimally nationally, while a significant increase was visible in Budapest, according to the latest data of the housing price index of ingatlan.com.
Nationally, prices fell by 0.1% compared to last December, but in the capital, a rapid increase in prices was observed. Housing prices in Budapest rose by 1.9% last month, which covers a significant part of the annual 2.4% price rise.
"The minimal decrease in national housing prices is not a surprise, but housing prices in the capital have moved after the stagnation of the past year," said László Balogh, the leading economic expert of ingtalan.com, evaluating the latest data.
"It could be good news for home buyers that, despite the dynamic start to the year, a significant 15-20% increase in house prices is not expected nationwide for the whole of 2024," he added.
Achieving Deficit Targets 'Crucial' - Rate-setters
EU Affairs Ministry, AmCham Sign Strategic Partnership Deal
SUPPORT THE BUDAPEST BUSINESS JOURNAL
Producing journalism that is worthy of the name is a costly business. For 27 years, the publishers, editors and reporters of the Budapest Business Journal have striven to bring you business news that works, information that you can trust, that is factual, accurate and presented without fear or favor.
Newspaper organizations across the globe have struggled to find a business model that allows them to continue to excel, without compromising their ability to perform. Most recently, some have experimented with the idea of involving their most important stakeholders, their readers.
We would like to offer that same opportunity to our readers. We would like to invite you to help us deliver the quality business journalism you require. Hit our Support the BBJ button and you can choose the how much and how often you send us your contributions.
