Housing sales in Hungary, according to the Central Statistical Office (KSH), increased by 36% in the 1st quarter of 2024 and by 20% in the 2nd quarter.
The number of transactions in the country could reach 130,000 in 2024, an increase of about 30% compared to last year, said David Valko, chief analyst at OTP Ingatlanpont, a real estate broker at OTP Bank.
Valko said that next year the rules allowing Hungarians to use their savings in voluntary pension funds to buy a home could redirect up to 1,000 billion forints to the market.He added that nominal prices could rise by 8-10% over the whole year.
The housing price index in Hungary shows that from 2015 to the middle of this year they have increased almost 3 times.
Source: Daily News Hungary
