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Home prices in Hungary stagnate in Q1

Home prices, adjusted for inflation, stagnated in Hungary in the first quarter, FHB Bank's latest home price index shows.

The index was 174.7% in Q1, practically level with the measure at the end of 2010. Adjusted for inflation, the index was 98.1%, also the same as three months earlier.

The average price of homes in 2000 is 100% on the index.

The index peaked at 200.7% in Q1 2008.

Last year, home prices in Hungary fell 5.1% in nominal terms and 8.8% in real terms, data compiled for the index show.