Hungary ranks last in European real estate price change
According to the latest housing price index published by Eurostat this week, covering the first quarter of 2020, Hungary ranks last among the 27 EU countries in terms of change in real estate prices, writes penzcentrum.hu.
Compared to the same period of the previous year, real house prices decreased by 5.4%.
The EU shows a very mixed picture, as varying price increases are still seen in the vast majority of countries this year.
Luxembourg is in the lead with 12.3% year-on-year, and in Estonia, housing prices have risen by an average of more than 10% compared to the first quarter of 2019.
Ireland is the only other country to show a price drop, the business website notes.
SUPPORT THE BUDAPEST BUSINESS JOURNAL
Producing journalism that is worthy of the name is a costly business. For 27 years, the publishers, editors and reporters of the Budapest Business Journal have striven to bring you business news that works, information that you can trust, that is factual, accurate and presented without fear or favor.
Newspaper organizations across the globe have struggled to find a business model that allows them to continue to excel, without compromising their ability to perform. Most recently, some have experimented with the idea of involving their most important stakeholders, their readers.
We would like to offer that same opportunity to our readers. We would like to invite you to help us deliver the quality business journalism you require. Hit our Support the BBJ button and you can choose the how much and how often you send us your contributions.