Hungary Home Sales Fall 46% in January
Photo by Andrey_Popov / Shutterstock.com
Listed real estate broker Duna House said 5,853 homes changed hands in Hungary in January, down 46% from the same month a year earlier, in a monthly estimate released on Wednesday, state news wire MTI reports.
The number of home sales fell 10% from December.
Duna House estimated households took out HUF 37 billion of mortgages in January, 66% less than in the same month of 2022 and down 10% from December. Duna House noted that early last year, the market was impacted by credit outlays in the framework of the National Bank of Hungary's Green Home Program.
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.