Demand for Real Estate Falls 42% y.o.y.

Residential

Nationally, the demand for real estate for sale decreased by 42% on an annual basis between January and May.

There were no significant regional differences within this, but other characteristics can be found in the data provided by ingatlan.com, according to business daily Világgazdaság. 

"There are no exceptions, the data indicates a drop in demand close to the average in all counties; significantly, nowhere do you see either a greater stagnation or a greater spin than what is typical for the entire country," László Balogh, the leading economic expert of Ingatlan.com, summed up the results of the regional analysis.

The 51% drop in demand among newly built apartments was higher than average, but it is compared to the high base caused by the buying fever generated by the green loan opportunity last year.

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