Report: Hungarian real estate market on the rise
The Hungarian real estate market saw its most prosperous year in 2015 since the beginning of the financial crisis, real estate broker Duna House said today in a press release.
The number of properties sold last year increased by a year-on-year 20%, reaching approximately 135,000, Duna House said, based on its estimates. In the last quarter of the previous year, 32,434 properties were sold, while in December a total of 10,039 properties traded hands, the broker said.
The highest sales were reached in July of last year, with 12,355 properties sold, and the number of properties sold in March, April and June exceeded 12,000 each month. In January of last year, 9,040 properties were sold, making it the weakest month of the year, Duna House added.
SUPPORT THE BUDAPEST BUSINESS JOURNAL
Producing journalism that is worthy of the name is a costly business. For 27 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.