Home prices in Hungary rose 7% year-on-year in the third quarter of 2018, a rate well over the 4.3% average for the European Union as a whole, according to a quarterly release of data from Eurostat, the statistical agency of the European Commission.
Although the pace of home price increases in Hungary is rapid, the Q3 figure was below the 10.6% and 11.4% year-on-year increases recorded in Q2 2018 and Q1 2018, respectively.
In Q3 2018, home prices in the Czech Republic rose 8.7%. Prices were up 6.5% in Poland, 4.4% in Slovakia, and 15.1% in Slovenia, putting Hungary closer to the median rate of price increases in the EU, Eurostat noted.
Two countries registered a year-on-year decrease, as prices fell by 2.1% in Sweden and 0.8% in Italy in the quarter.
Compared with the second quarter of 2018, house prices increased by 1.6% in the euro area, while rising by 1.5% in the EU as a whole, in the third quarter of last year.