In October 2024, home sales in Hungary increased by 37% compared to last year and amounted to 10,738 units, Daily News Hungary reports, citing a report by real estate broker Duna House.
Analysts have estimated that mortgage costs reached 117 billion Hungarian forints in October, which is 128% more than in the same month a year earlier.
The market recovery is also evidenced by the fact that there is an increase in sales compared to the previous month. In October, the number of transactions increased by 10% compared to September.
According to experts, supply and demand are stable, so the growth in residential real estate sales may continue next year.
Zoltan Gadanech, founder and owner of GDN Real Estate, believes that housing in Hungary will become more expensive, as the growth in demand for loans always precedes a rise in prices. Data from the Central Statistical Office (KSH)They are already showing a slight increase in prices.Nevertheless, Gadanets believes that this is not growth, but normalization: the real estate market is returning to the level of the beginning of 2022, that is, to pre-crisis indicators.Source: Daily News Hungary