Listen to the audio version of this article (generated by AI).
Listen to the audio version of this article (generated by AI).
With the end of the year approaching, fewer people are keen to make a purchase, and the first big wave of demand from the state-subsidized Home Start Program is fading, it said.
Although buyer activity was down 12% from a year earlier in Budapest, demand picked up 3% in other cities, 5% in towns, and 16% in the smallest municipalities, it added.
According to the data, the smaller a settlement is, the bigger the increase in demand it registered, partly due to the pick-up in investor demand that emerged in large cities in October last year, and partly to the fact that the Home Start Program kept the market in smaller settlements buoyant in the autumn, it said.
Demand for properties complying with the conditions of the Home Start Program fell 23% from a month earlier in October, while the decline was only 4% for other properties, it added.
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.
