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Residential property deals in Hungary down 10pct in July compared to 2010

Posted on 10 August 2011

In July, 6,250 residential real estate transactions took place in Hungary, fewer than in the previous two months, Duna House wrote in its latest analysis. Among reasons for the decline, the real estate agency mentioned seasonality and the high Swiss franc exchange rate. The number of transactions was also 10% lower than in the same period one year ago.
Compared to June, prices of panel flats declined in all regions except for Western Hungary, where they increased by 17%. The drop was 10% in Eastern Hungary and close to 10% in Budapest……………………………………….Full Article: Source


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