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