Active Start to the Year in the Domestic Real Estate Market

As expected, the year started actively on the domestic real estate market, with 9,267 sales in January, a 9% decrease compared to December, but almost 11% more than in January last year, Duna House said on Tuesday, based on its own estimates, according to MTI.

According to the real estate brokerage's forecast, the real estate market will gradually strengthen in terms of transaction numbers and prices, in which, in addition to home purchases, investment sales will also play a major role.

According to the Hungarian data of Credipass, the international financial brand of the group, HUF 120 billion of mortgage loans for residential purposes were contracted in the mortgage market in January this year. This is a 3% increase in volume compared to the data of the National Bank of Hungary (MNB) in December last year, and a 46% improvement compared to the central bank data in January last year.

As in the real estate market, the mortgage market is expected to strengthen further during the year, Duna House said.