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Home prices climb at slower pace in Q4

Home prices in Hungary rose at a slower rate in the fourth quarter of 2018, while the gap between prices in large and small settlements continued to widen, the National Bank of Hungary (MNB) said in a quarterly report published on its website

Overall, home prices increased by 15.2% year-on-year in Q4, slowing from 16.2% in Q3. In the capital, the rate of increase of home prices slowed to 22.9% in Q4, from 24.1% in the previous quarter, but "remained at a strong level," the MNB said.

In other cities around the country, home prices rose 18.2%, on average. The increases ranged from 21.5% for cities in the Southern Great Plain region, to 12.6% for those in Western Hungary. Home prices in smaller settlements edged up just 2.3% during the period.