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Hungary Home Price Growth Continues to Slow in Q4

Residential

Photo by Fabio Balbi/Shutterstock.com

The price of homes in Hungary rose 10.6% year-on-year in the fourth quarter, slowing from an annualized rate of 19.2% in Q3, data released by the National Bank of Hungary (MNB) on Wednesday show, according to a report by state news wire MTI.

Home prices in the capital rose 16.1%, slowing from a 20.1% increase in the previous quarter, while price growth in other cities decelerated to 14.4% from 22.7%. Price growth in smaller settlements slowed to just 0.03% from 12.5%.

Adjusted for inflation, home prices fell 9.9% in Q4, MNB said.

In a quarter-on-quarter comparison, home prices for the whole country slipped 3.6%, falling for the second quarter in a row.

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