According to MTI, OTP Mortgage Bank said sales could be boosted by the improved macroeconomic situation, lower interest rates, new forms of state support, maturities of retail government securities and a measure allowing Hungarians to tap their voluntary pension savings for home purchases.
Home prices could rise 15%, on average, according to the lender’s report.
Home prices climbed 13.8% in 2024, preliminary data from the National Tax and Customs Authority (NAV) shows.
Adjusted for inflation, home prices rose 8% in the capital and 9% in county seats and cities with populations over 50,000.
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