September was slower, but the market is in good shape
October 19th, 2015
The number of transactions is slightly lower on the Hungarian real estate market in September than in previous months, but the year-on-year growth is still significant. According to Duna House almost 11 thousand estates were sold last month.
One year ago the market was already experiencing an upward trend, in 2014 September around 10 thousand transactions took place. This means that there was a 10% year-on-year increase.
Meanwhile the second half of September this year was stronger than the first, which indicates that the slight drop was caused by only seasonality.
The total number of transactions that took place this year according to the data by Duna House stands at 102 723. This is already a higher number than any of the years 2009-2013 produced.
This year is also significantly stronger than the last. In 2014 there were a total of 74 thousand transactions on the Hungarian real estate market in the first 9 months. This means that the market was able to produce 40% more transactions in 2015 so far.
(Source: http://www.portfolio.hu/ingatlan/lakas/meg_mindig_mindenki_lakast_akar_venni.220430.html)
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