Home price growth slows countrywide in Hungary

Sustainability

Photo by Fabio Balbi/Shutterstock.com

Home price growth slowed in Hungaryʼs biggest cities as well as the capital in the third quarter, a report released by the National Bank of Hungary (MNB) on Wednesday shows, state news wire MTI reports.

Photo by Fabio Balbi/Shutterstock.com

Nominal year-on-year home price growth in Budapest slowed to 18.9% in Q3 from 24.4% in the previous quarter. Price growth also decelerated in other big Hungarian cities, regardless of region, to 20.5% from 22.1%, during the period.

Price growth in the capital had already started to slow in Q2, even as it continued to accelerate in other cities.

For the whole country, home price growth slowed to 14.8% in Q3 from 17.8% in the previous quarter.

In smaller municipalities, home prices edged down 0.2% in Q3 from the same period a year earlier.

ADVERTISEMENT

Gen Gov't Finishes January Close to HUF 144 bln in the Red Debt

Gen Gov't Finishes January Close to HUF 144 bln in the Red

IMF Urges Hungarian Authorities to Carry out Structural Refo... Government

IMF Urges Hungarian Authorities to Carry out Structural Refo...

Futureal Integrates Commercial Development, Asset Management... Residential

Futureal Integrates Commercial Development, Asset Management...

Nyugati Renovation Continuing City

Nyugati Renovation Continuing

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.