Home sales fall in December, down for 2013

Analysis

There were 5,768 homes sold in Hungary in December, down 5% from the same month a year earlier, real estate broker Duna House reported to national news service MTI yesterday. Full-year home sales came to 83,600, down 11% from 2012.

However, home sales in the first months of 2012 were much higher than usual because of a government scheme that allowed early repayment of foreign currency-denominated mortgages at discounted exchange rates.

The number of homes sold in 2013 was the lowest since 2008.

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