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Budapest Property Market Index little changed in January

The Budapest Property Market Index, a quarterly measure of supply and demand as well as market players' expectations, measured 93.6 points in January, edging up from 92 points in October when it plunged 10 points, economic research institute GKI said on Thursday.

GKI chief László Akar said the change in the index was within the margin of error. The new and resale home market picked up in January, but prices fell sharply.