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Budapest home prices fall 2.5% in Q2

Home prices in the capital fell 2.5% year-on-year in Q2, a quarterly report by the National Bank of Hungary (MNB) shows, according to a report by state news wire MTI.

Photo by Fabio Balbi / Shutterstock.com

Nationwide, home prices rose 7.5% during the period.

Home prices in cities climbed 7.3%, while prices in smaller settlements rose 13.8%.

In a quarter-on-quarter comparison, Budapest home prices dropped 5.6%, while nationwide home prices increased 2.3%.