ADVERTISEMENT

Home sales jump 69% in May

Residential

Photo by Fabio Balbi/Shutterstock.com

Home sales in Hungary rose 69% year-on-year to 14,198 in May, news wire MTI reports, citing an estimate by listed real estate broker Duna House.

Home sales in January-May increased 42% year-on-year to 69,093. 

Duna House said second-quarter home sales were unlikely to exceed those in the first quarter but could reach 38,000-40,000.

Duna House estimated mortgage outlays came to HUF 102 billion-107 bln in May, up from HUF 92 bln-93 bln in April.

The share of mortgages linked to subsidized home renovations accounted for close to 10% of the total, Duna House added.

ADVERTISEMENT

Pressure increasing on CFOs - PwC survey Analysis

Pressure increasing on CFOs - PwC survey

Parl't votes to phase out savings coops integration framewor... Parliament

Parl't votes to phase out savings coops integration framewor...

Roche Szolgáltató appoints P&C business partner lead Appointments

Roche Szolgáltató appoints P&C business partner lead

Capital sees urban exodus during pandemic City

Capital sees urban exodus during pandemic

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.