Duna House says that the 3% fall is not significant, adding that the numbers indicate the continued presence of demand on the market. Sales were nearly 2% higher than in February 2018.
The companyʼs experts expect sales to rise slightly over the upcoming period, resulting in a stable, balanced real estate market.
Mortgage loan placements came to HUF 73bn in February, up 16pc from the same month of last year when compared to data from the National Bank of Hungary, Duna House said.
According to the company, mortgage loan placements amounted to HUF 73 billion last month, up approximately 16% compared to the same month of the previous year. In February 2019, mortgage loan placements stood at HUF 62.6 bln according to data by the National Bank of Hungary.
Producing journalism that is worthy of the name is a costly business. For over 30 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.
