by Property Forum | Residential

There were 11,185 residential property deals made in Hungary in January 2021, according to the latest monthly transaction estimate by real estate group Duna House. This is the highest figure recorded for the month of January in the last five years.

The 11,185 transactions estimated by Duna House show a turnover that is 13% stronger compared to the first month of 2020. The increase in demand was already felt in the first weeks of the year in the data measured by the real estate agency, part of which was presumably caused by those that deferred their purchases from year-end. According to the experts of Duna House, due to the government subsidies aimed at home buyers, an active, lively residential market is expected to continue in 2021 with an estimated annual transaction volume of over 130,000-150,000.

In the mortgage loan market, Duna House Finance estimates a mortgage volume of HUF 73-75 billion for January, which is HUF 5 billion lower than in January last year (HUF 80 billion), but still represents a significant increase of 17% compared to January 2019 (HUF 63 billion).