The Duna House Group's monthly transaction estimate and mortgage forecast shows that 13,426 residential properties changed hands nationwide in Hungary in September 2025, with residential mortgage contracts reaching €106 million.
September saw continued strengthening of real estate market activity, with transaction numbers remaining high after the summer revival. According to Duna House estimates based on internal data, 13,426 residential properties changed hands nationwide, representing a 37.6% increase compared to the same period last year. Even compared to the previous month, there was an 18.1% increase, with similar turnover levels last seen in early 2022. The Otthon Start Program (OSP) already visibly increased demand in August, and its impact was strongly felt in September.
The mortgage market showed moderation. Based on domestic data from the group's international financial brand Credipass, residential mortgage volume in September was estimated at €106 million, down 6.7% from August. The annual comparison also shows a similar 7% decline compared to MNB statistics for the same month last year.
September data clearly highlights different trends in the real estate and mortgage markets: while transaction numbers are primarily driven upward by OSP-generated demand, the mortgage market has not yet shown strong effects. However, the September mortgage slowdown is considered temporary, as the OSP impact will be felt strongly from October and could result in record mortgage volumes according to industry expectations.
