Budapest real estate sales down 40% compared to 2015

Residential

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As a result of the coronavirus epidemic, the number of real estate sales in Budapest decreased by 40% compared to 2015, according to business daily Világgazdaság.

The decline is significant in the rest of the country as well. The last time there were so few real estate sales in the country was in 2014, according to Otthon Centrum.

Although the number of transactions in the capital have dropped by about 40% since 2015, last year alone the decline was more than 20%. Based on the data of the Central Statistical Office (KSH), in 2020, nearly 128,000 transactions were concluded in the country, which is a decrease of 18.6% compared to the data of 2019 a year earlier.

The rate of decline was greatest in Budapest, where the number of sales decreased by 22.8% compared to 2019.

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