Loan Volume of Duna House Group Explodes

Duna House Group reached strong volume growth during the summer months of Q3 2021. Franchise real estate brokerage grew by 20%, own office real estate brokerage by 27% and loan brokerage by 103% on a year-on-year basis. In Q3 2020, COVID-19 already had no negative influence on the real estate markets, while some negative impact on the loan markets.

In Hungary, the residential real estate market performed in H1 2021 at levels unseen in the last 10 years, followed by a more relaxed summer period. The Group's Hungarian franchise real estate brokerage network grew by 10% in Q3 2021 YoY, reaching a total commission volume of HUF 2.4 billion. The volume of own offices increased by 18%. Loan volumes jumped up by 27%.

In Poland, the key focus area of the quarter was the organic growth of the loan brokerage volumes, while real estate segments had strong performance, as well. The commission income of the Polish franchise network exceeded HUF 975 million with annual growth of 52%. The Polish real estate brokerage network grew by 16 offices to 96 sales points within the last 12 months and is expected to reach 100 offices by the end of the year. The Polish own offices outperformed Q3 2020 by 31%. In loan brokerage, Duna House Group's financial intermediary business in Poland grew by an outstanding 146%. 20% of the loan volumes are generated via the network expansion launched earlier, but the impact is anticipated to be stronger in the next quarters.

Besides the two largest markets of the Group, the Czech operations had significant performance reaching 41% in the own office real estate volumes, the executive summary of the Group's report points out.