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18th December, 2019

Home sales to drop in 2020

The number of home sales, on a rising trend for years, will drop in 2020 by 5% year-on-year to 155,000, analyst László Balogh of property agency Ingatlan.com forecast in his latest report.

The number of home sales has doubled from a low of 86,000 in 2012.

According to the pattern developed in the last two years, January is a busy month for home sales, and a high number of transactions are forecast for next month, he underlined.

Balogh forecast that increases in home prices will be modest or flat next year.

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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