Summer is in full swing in Hungary's residential property market. Duna House estimates that the number of residential property transactions totalled 10,859, down both in monthly (-13%) and annual (-20%) terms.
DH says nearly 75,000 residential properties changed hands in the first half of the year, which corresponds to a 10% drop over H1 2021, but a 25% growth over the same period of the pandemic-ridden first half of 2020. The second half of the year is expected to be more subdued due to the rising interest rate environment.
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