Transactions rose just 1.5% year-on-year, the fourth-weakest performance among 17 reporting countries, despite policy measures aimed at boosting demand.
Analysts say the slowdown reflects the high base effect from last year, when Hungary recorded a 34.7% annual surge in deals, second only to Luxembourg.
According to a press release, OTP Ingatlanpont chief analyst Dávid Valkó noted that much of the new-home activity remains off the books until handovers, typically two years later, dampening current statistics.
While Lithuania, Denmark, and Belgium led Europe this year with double-digit gains, Hungary’s market has cooled as early-year enthusiasm translated into limited transactions.
Still, Valkó said the government’s new 3% “Otthon Start” subsidized loan program, set to launch in September, could re invigorate the market in the fourth quarter. He predicted a year-end surge in demand, with many buyers likely bringing forward purchases in a trend that may weigh on 2026 activity.
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