Duna House Franchise Commissions Revenue Falls 26% in Q4
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Commissions revenue of listed real estate broker Duna House's franchise network fell 26% year-on-year to HUF 2.8 billion in the fourth quarter, the company said in a preliminary report, according to state news wire MTI.
Commissions volume in Hungary dropped 30% to HUF 1.8 bln as interest rates climbed and purchasing power fell, Duna House said.
In Poland, commission volume declined 24% to HUF 0.7bln.
Commissions revenue of Duna House's recently acquired Realizza brand in Italy reached HUF 0.1 bln.
Commissions revenue of Duna House's own offices slipped 24% to HUF 0.4 bln.
Brokered loan volume of the group jumped 51% to HUF 192 bln, boosted by the Italian acquisition. Brokered loan volume reached HUF 141 bln in Italy, HUF 33 bln in Poland, and HUF 18 bln in Hungary.
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