According to their data in Q2, a significant price increase could be observed in the rural real estate market, with 44% of properties sold at a price level above HUF 600,000 per sqm, while a year earlier this ratio was only 24%.
The ratio of real estate transactions above HUF 50 million almost doubled from 27% to 49%.
Duna House said rising prices could most sensitively affect young people buying their first home, making it increasingly difficult for them to enter the housing market.
Duna House noted that the Home Start subsidized credit scheme for first-time home buyers from September provides more favourable loan conditions compared to market products, but it is not certain that it will bring a meaningful breakthrough, as significant self-financing remains an unavoidable factor.
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