High prices mean subsidised loans can't revive Hungary's housing market

01
Jun
2026
News - High prices mean subsidised loans can't revive Hungary's housing market #Credipass #Duna House #Housing Market #Hungary #Mortgage #Residential

by Property Forum | Residential

In May 2026, 8,892 residential property sales were completed nationwide in Hungary, while mortgage contracts for housing purposes reached €253 million, according to Duna House's monthly transaction estimate and mortgage forecast.


The last spring month brought no breakthrough in the domestic property market. The May figure of 8,892 transactions fell 9.4% below April levels and showed a 13.3% decline compared to the same period in 2025.

Based on May data, the Otthon Start Programme, which provides subsidised loans for first-time buyers, can no longer stimulate the housing market, as persistently high price levels deter buyers despite government support. The correlation between high per-square-metre prices and declining sales numbers shows the market has reached affordability limits.

According to Credipass, the group's international financial brand, mortgage contracts worth €253 million were signed in May 2026. The volume was 5.4% higher than April and showed more than 70% growth compared to last year's May data published by the Hungarian National Bank.

The transaction estimate methodology uses Duna House's brokered property transactions and estimated market share. The forecast serves primarily for quick trend predictions, while the Hungarian National Bank publishes actual data for periods two months prior at the beginning of each month.




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