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Hungary: Residential property market stalled in 2010

Posted on 05 August 2011

Last year some 90,000 homes were sold in Hungary, the same number as in 2009, the Central Statistics Office (KSH) announced. The sale of new homes fell from 8,000 in 2009 to 5,000 in 2010. Home sales fell from their peak of 191,000 in 2007, to 154,000 in 2008.
Home prices dropped 1.4% in 2010, after a sharp decline in 2009. The price decline for newly constructed homes was 6% in 2010. The real value of homes was 18% lower in 2010 than in 2007, the KSH said……………………………………….Full Article: Source


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