Listen to the audio version of this article (generated by AI).
Listen to the audio version of this article (generated by AI).
Presenting the report on the home market, Sándor Winkler, who heads the central bank’s real estate market analysts, said preliminary data showed home price increases accelerated in Q3, rising 23.9% nationwide and 29.9% in Budapest.
He added that overvaluation had reached 18.8%in Q2.
While home sales fell in big cities and rose in smaller settlements in the first half of the year, transactions jumped 37% in September with the launch of the Home Start subsidised credit scheme for first-time home buyers.
Winkler said homes that were priced under the scheme’s HUF 1.5 million/sqm eligibility threshold accounted for 81% of transactions in the capital and nearly all transactions in the rest of the country in Q3.
Producing journalism that is worthy of the name is a costly business. For over 30 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.
