Diversified Growth in All Segments

Duna House Group reports having reached record volume levels in Q4 2021. Franchise real estate brokerage grew by 29%, own office real estate brokerage by 39% and loan brokerage by 74% on a year-on-year basis.

In Hungary, the residential real estate market performed in H1 2021 at levels unseen in the last 10 years, which was followed by a more relaxed second semester, the latest Duna House Group quarterly report says.

The year closed with a particularly strong December and the Group estimates that the market reached the usual pre-COVID level of 150 thousand annual transactions. The Group's Hungarian franchise real estate brokerage network grew by 29% year-on-year in Q4 2021, reaching a total commission volume of HUF 2.7 billion. The volume of own offices soared by 90%. Loan volumes increased by 13%.

In Poland, the market eased following the strong summer period, nevertheless the Polish subsidiaries reached strong YoY growth. The commission income of the Polish franchise network reached HUF 936 million with annual growth of 33%. The Polish own offices outperformed Q4 2020 by 11%. In loan brokerage, Duna House Group's financial intermediary business in Poland grew by an outstanding 102%. 25% of the loan volumes are generated via the network expansion launched earlier.

Besides the two largest markets of the Group, the Czech operations had significant performance reaching YoY growth of 19% in own office real estate volumes.

The Group has signed an investment agreement regarding the acquisition of the Italian HGroup on 10 December 2021. The transaction is expected to close by 14 January 2022. The volume and financial figures of the Italian entities are expected to be presented already in the Q1 2022 reports.