Hungary Home Sales Slow as Interest Rates Climb
Photo by Fabio Balbi / Shutterstock.com
Around 9,200 homes changed hands in Hungary in September, 22pc lower than the number in the same month a year earlier, an estimate by listed real estate broker Duna House shows.
Duna House analysts attributed the slowdown to the "changing economic situation" and dearer credit.
Third-quarter home sales fell 19% year-on-year to 28,000, Duna House said, putting full-year transaction numbers at 120,000-130,000.
Mortgage outlays came to HUF 264 billion in Q3, down 30% from the same period a year earlier, Duna House added.
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