Hungary Home Price Growth Continues to Slow in Q4
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.
ADVERTISEMENT
Hungary Trade Surplus at EUR 308 mln in April
Parl't Approves Amendments to Legislation on Judiciary
Gloster Acquires P92 IT Solutions
Landmark Budapest Dept Store to Reopen After HUF 8 bln Renov...
SUPPORT THE BUDAPEST BUSINESS JOURNAL
Producing journalism that is worthy of the name is a costly business. For 27 years, the publishers, editors and reporters of the Budapest Business Journal have striven to bring you business news that works, information that you can trust, that is factual, accurate and presented without fear or favor.
Newspaper organizations across the globe have struggled to find a business model that allows them to continue to excel, without compromising their ability to perform. Most recently, some have experimented with the idea of involving their most important stakeholders, their readers.
We would like to offer that same opportunity to our readers. We would like to invite you to help us deliver the quality business journalism you require. Hit our Support the BBJ button and you can choose the how much and how often you send us your contributions.
