Duna House: Home Sales Fell 22%
Photo by Fabio Balbi / Shutterstock.com
Listed real estate broker Duna House said home sales in Hungary fell 22% to 125,171 in 2022 in an estimate released yesterday, according to napi.hu.
For December, home sales reached 6,474, down 19% from November and 43% lower than in the same month a year earlier.
For this year, Duna House augurs a drop in home sales to 90,000-110,000.
Duna House estimated households took out HUF 1.217 trillion in mortgages last year, 6.6% under the record volume in 2021.
Mortgage volume in December came to HUF 55 billion, slipping 8% from November and plummeting 48% from the same month a year earlier.
ADVERTISEMENT
Business Confidence Worsens, Consumer Confidence Improves
Parliament Negates Mandatory Membership in MOK
Haulier Koncsek Trans Invests HUF 150 mln in Garage Upgrade
Budapest Leaders Unveil Plans to Scale Back Traffic on Thoro...
SUPPORT THE BUDAPEST BUSINESS JOURNAL
Producing journalism that is worthy of the name is a costly business. For 27 years, the publishers, editors and reporters of the Budapest Business Journal have striven to bring you business news that works, information that you can trust, that is factual, accurate and presented without fear or favor.
Newspaper organizations across the globe have struggled to find a business model that allows them to continue to excel, without compromising their ability to perform. Most recently, some have experimented with the idea of involving their most important stakeholders, their readers.
We would like to offer that same opportunity to our readers. We would like to invite you to help us deliver the quality business journalism you require. Hit our Support the BBJ button and you can choose the how much and how often you send us your contributions.
