Housing Market Recovered in February

Residential

Photo by Fabio Balbi / Shutterstock.com

Offers on the residential real estate market for sale increased in monthly and annual comparisons in February, while demand also increased significantly, ingatlan.com reported on Friday based on its own data.

László Balogh, the leading economic expert at the website, explained that in February, more than 260,000 inquiries were received for apartments and houses for sale, 25% more than in February last year.

The decrease in home loan interest rates also plays a role in this, and the base interest rate fell further last week, contributing to the lower interest rate environment.

More affordable housing loans are also crucial for buyers because those who would finance their move with a market-based loan can be more courageous.

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