Home prices climb at slower pace in Q4

Sustainability

Home prices in Hungary rose at a slower rate in the fourth quarter of 2018, while the gap between prices in large and small settlements continued to widen, the National Bank of Hungary (MNB) said in a quarterly report published on its website mnb.hu.

Overall, home prices increased by 15.2% year-on-year in Q4, slowing from 16.2% in Q3. In the capital, the rate of increase of home prices slowed to 22.9% in Q4, from 24.1% in the previous quarter, but "remained at a strong level," the MNB said.

In other cities around the country, home prices rose 18.2%, on average. The increases ranged from 21.5% for cities in the Southern Great Plain region, to 12.6% for those in Western Hungary. Home prices in smaller settlements edged up just 2.3% during the period.

ADVERTISEMENT

Purchasing Managers' Index rises Analysis

Purchasing Managers' Index rises

Lawmakers approve residency permit for digital nomads Parliament

Lawmakers approve residency permit for digital nomads

The strongest move - Morgan Stanley Hungary head and Chess F... Podcasts

The strongest move - Morgan Stanley Hungary head and Chess F...

New Jewish cultural hub opens in Budapest City

New Jewish cultural hub opens in Budapest

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.