Panel house market momentum slows
A slowdown has arrived even for the cheapest available panel flats, says piacesprofit.hu. The 5% rise in Budapest prices over the past six months also means that the appreciation rate has fallen by half, as panel flat supply is now up 18% compared to December last year.
Photo by Peter Gudella/Shutterstock.com
Demand in the second-hand housing market in Budapest dropped significantly in June this year, and since then the average floor area of prefabricated apartments has increased by 5% to HUF 578,000 by December.
The rate of appreciation may have slowed down, but it is still an increase of 18% year-on-year. The average price per square meter of brick-built flats was stagnant compared to June, so at the beginning of December the average price was HUF 800,000 per square meter, which is 13% higher than the price level one year earlier, piacesprofit.hu. said.
SUPPORT THE BUDAPEST BUSINESS JOURNAL
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.