Eurostat: Hungary’s home prices up 11.9% in Q2

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Home prices in Hungary saw a year-on-year 11.9% rise in the second quarter of the year, the second highest figure among the EU member states after Sweden’s 13% rise, EUʼs statistical office Eurostat reported yesterday.

The figure has been on  the increase in the past year, as Q1 the increase was 11.6% y.o.y., while Q4 and Q3 of last year saw a y.o.y. rise of 8.4% and 4.6%, respectively, data by Eurostat reveals.

“The House Price Index (HPI) measures the price changes of all residential properties purchased by households (flats, detached houses, terraced houses, etc.), both newly built and existing, independently of their final use and independently of their previous owners,” the report says.

Real estate broker Duna House earlier said approximately 103,000 homes changed hands in Hungary in the period of January-September, more than the total number in any of the years between 2009 and 2013. 

The full Eurostat report is available for download at the ECʼs website.

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