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Home sales climb almost 50% on early FX mortgage repayments

The number of homes sold in Hungary reached 9,014 in February almost 50% more than in the same month a year earlier as borrowers availed of an early foreign currency-denominated mortgage repayment scheme at discounted exchange rates, real estate broker Duna House said on Thursday.

The number of homes sold was down from 12,970 in January, the last month borrowers had to show proof of assets to participate in the early FX repayment scheme which wound up at the end of February. The scheme was launched at the end of September.