GKI: Housing market index deteriorates

Analysis

Photo by FOTOGRIN/Shutterstock.com

Compared to the previous quarter, the expectations of housing market companies have deteriorated, according to a joint survey by GKI Economic Research Zrt. and Masterplast Nyrt., writes uzletem.hu. 

Photo by FOTOGRIN/Shutterstock.com

The value of the housing market index summarizing the outlook is negative 8.6 nationwide and negative 8 in the capital, both of which have only previously been lower than now in 2015.

Nationwide, 75% of those surveyed expect prices to fall, while only 1% expect prices to rise. The situation is a bit more favorable in the capital, but even there only 2% expect an increase, while 69% expect a decline.

The rate of decline may also vary slightly from region to region.

ADVERTISEMENT

Masterplast Signs Option to Purchase T-Cell Plasztik Analysis

Masterplast Signs Option to Purchase T-Cell Plasztik

Horthy Statue to be Unveiled in Parliament Parliament

Horthy Statue to be Unveiled in Parliament

UPS Appoints Regional Director Appointments

UPS Appoints Regional Director

Completion of Metro Line M3 Renovation Delayed City

Completion of Metro Line M3 Renovation Delayed

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.