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

Sustainability

pixabay

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.

ADVERTISEMENT

Varga puts 2021 GDP growth at 7-7.5% Analysis

Varga puts 2021 GDP growth at 7-7.5%

Opposition parties to begin PM candidate primaries Elections

Opposition parties to begin PM candidate primaries

New managing director at the helm of Wolt Hungary Appointments

New managing director at the helm of Wolt Hungary

Budapest bike-sharing scheme boasts record ridership City

Budapest bike-sharing scheme boasts record ridership

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.