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29th July, 2019

Home sales to reach ten-year high in 2019

The number of home sales is on track to reach 175,000 this year, a ten-year high, according to real estate website ingatlan.com.

The current record stands at 190,000 from 2007.

The average home price in Budapest was 636,000/m² at the end of the first quarter, 13% higher than the average price in 2018.

The launch of new government-led family support measures and the expansion of the family home subsidy scheme for used homes and in villages will stimulate the market further, analyst László Balogh said.

Sources regularly consulted, with abbreviations used in text: Népszabadság (N); Magyar Hírlap (MH); Világgazdaság (VG); Napi Gazdaság (NG); Magyar Nemzet (MN); Népszava (Nsz); Kossuth Rádió news (KR); nightly TV news (TV).

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