Improving consumer confidence, more favorable credit conditions and a revamped state subsidy scheme for home purchases will positively impact the market, which is evident already in the first months of 2024, the MNB said.

First-quarter home sales climbed 30% from the same period a year earlier, following a 20% full-year decline for 2023.

Home sales were up 55% in the capital and 41% in county seats and cities with populations of more than 50,000.