Home Sales Set to Reach 8-year Low

Residential

Listed real estate broker Duna House estimates home sales in Hungary will reach 125,000-127,000 for the full year, the lowest number in eight years, according to a report by state news wire MTI.

In a monthly estimate of transactions published Thursday, Duna House said over 118,000 homes changed hands in January-November.

Lenders signed contracts for HUF 60 billion of mortgage loans in the month of November, down 46% from the same month a year earlier, the broker added.

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