ADVERTISEMENT

Q4 Home Prices Rise 16.6% y.o.y.

Residential

Home prices rose 16.6% in the fourth quarter from the same period a year earlier, according to data compiled by the Central Statistical Office (KSH).

The price of resale homes climbed by 16.8%, and the cost of new homes increased by 14.6%. In a quarter-on-quarter comparison, resale home prices fell 2.6% while new home prices edged up 0.8%.

The price of resale homes averaged HUF 403,000/sqm for the country in Q4.

The price in the capital averaged HUF 870,000/sqm, but it was as low as HUF 72,000/sqm in villages in the underdeveloped Northern Great Plain region.

The price of new homes averaged HUF 940,000/sqm countrywide. In the capital, prices averaged HUF 1.183 million/sqm.

Close to 15,200 homes were sold in Hungary in Q4, including 14,450 resale homes and 700 new homes. About 6,900 new homes were built for sale during the period.

Prospects of Hungarian Feed Industry Favorable This Year Crops

Prospects of Hungarian Feed Industry Favorable This Year

Hungary Opposes Freeing up Further EUR 6.5 bln From EPF Int’l Relations

Hungary Opposes Freeing up Further EUR 6.5 bln From EPF

1st Primark Store in Hungary Opens Retail

1st Primark Store in Hungary Opens

New Textile Collection Celebrates Hungary's Furmint Grape Wi... Art

New Textile Collection Celebrates Hungary's Furmint Grape Wi...

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.