Duna House Points to Real Estate Market Turnaround

Residential

Image by Pexels

Commissions revenue of listed real estate broker Duna House's franchise network fell 36% year-on-year to HUF 2.7 billion in the first quarter, but the company said March data point to a turnaround in a preliminary report published on Tuesday.

March volumes showed a "significantly improving trend" and Duna House said it expects "strong growth" in the coming quarters.

Commissions volume in Hungary dropped 44% to HUF 1.8 bln as interest rates climbed and purchasing power fell. In March alone, volumes were 42% over the average in January-February.

In Poland, commission volume declined 13% to HUF 0.8 bln, but climbed 6% quarter-on-quarter.

Commissions revenue of Duna House's recently acquired Realizza brand in Italy reached HUF 0.1 bln.

Commissions revenue of Duna House's own offices slipped 40% to HUF 0.4 bln.

Brokered loan volume of the group fell 32% to HUF 142 bln. Brokered loan volume reached HUF 98 bln in Italy, HUF 33 bln in Poland, and HUF 11 bln in Hungary.

Fiscal Council Head Points to Need for 'Very Disciplined' Bu... Analysis

Fiscal Council Head Points to Need for 'Very Disciplined' Bu...

Balázs Hankó Tapped to Head Culture and Innovation Ministry Government

Balázs Hankó Tapped to Head Culture and Innovation Ministry

Booking Site Operator Szállás Group Acquires Romanian Peer Deals

Booking Site Operator Szállás Group Acquires Romanian Peer

Discover the Potential of Geothermal Energy at Budapest Geot... Conferences

Discover the Potential of Geothermal Energy at Budapest Geot...

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.