GKI: Property index climbs
The National Property Index,which is a biannual gauge of supply and demand as well as expectations of market players collected by economic research institute GKI, rose by almost three points reaching 105.5 in October, GKI reported today.
The gauge of the property market in the capital also rose by three points from April, reaching 109 in October. The indices are above the 100 mark, which reveales average conditions for the second time since the middle of 2008.
GKI expects new home prices in Budapest to rise 1% in the upcoming period, while prices of resale homes are expected to edge up 0.7%. GKI said six of every 1,000 households has firm plans to buy or build a home, while 23 want to renovate or expand their homes.
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.