The Budapest Property Market Index, a measure of supply and demand as well as market players’ expectations compiled by economic think-tank GKI and professional journal Ingatlan es Befektetés, measured 101.2 points in April, 6.7 points more than three months earlier, GKI chief László Akar said at a press conference on Thursday.
The index was up 13.9 points from twelve months earlier and 17.9 points over its historical low in July 2009.
Market players expect new home prices to stay flat in the coming year, while resale home prices fall 1-5%.
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