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Nearly one-third of new homes in Budapest unsold

About 31% of the 19,300 new homes in Budapest are unsold, up from 25% in 2009 and 21% in 2008, data compiled in the Budapest Home Project Database show.

The number of new homes put on the market dropped from 23,000 in 2009 and 25,000 in 2008. (MTI – Econews)