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Home sales jump 69% in May

Residential

Photo by Fabio Balbi/Shutterstock.com

Home sales in Hungary rose 69% year-on-year to 14,198 in May, news wire MTI reports, citing an estimate by listed real estate broker Duna House.

Home sales in January-May increased 42% year-on-year to 69,093. 

Duna House said second-quarter home sales were unlikely to exceed those in the first quarter but could reach 38,000-40,000.

Duna House estimated mortgage outlays came to HUF 102 billion-107 bln in May, up from HUF 92 bln-93 bln in April.

The share of mortgages linked to subsidized home renovations accounted for close to 10% of the total, Duna House added.

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