Hungary Home Price Growth Continues to Slow in Q1

Residential

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The price of homes in Hungary rose 4.7% year-on-year in the first quarter, slowing from an 11.7% increase in the previous quarter, data released by the National Bank of Hungary (MNB) show.

Home prices in the capital rose 10.1%, slowing from a 16% increase in the previous quarter, while price growth in other cities decelerated to 9% from 14.7%. Prices in smaller settlements dropped 5.6%, after increasing 3.4% in Q4.

Adjusted for inflation, home prices fell 16.5% in Q1, MNB said.

In a quarter-on-quarter comparison, home prices for the whole country edged up 1.2% after falling for two quarters in a row.

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