Duna House Group Closing 2024 in ‘Flight Mode’

The real estate group Duna House had a strong finish in 2024: key volumes exploded to all-time highs in the last quarter sustaining significant y-o-y growth (financial intermediation volume increased by 17% and network commission revenue by 24%), while growing also on quarterly basis (+14% and +16%, respectively), the Group has announced on the website of the Budapest Stock Exchange.

Italian loan intermediation volumes grew by 49% year-on-year in the fourth quarter, further benefiting from declining interest rates and a successful cooperation with Professione Casa network. Compared to Q3 2024, the volumes increased by 24%. This growing trend is expected to continue in 2025 as well, mainly thanks to the anticipated expansionary monetary policies of ECB.

In Hungary, all main segments continued growing on y-o-y basis in Q4 2024, driven mainly by lower interest rates and a recovering housing market. The volume of intermediated financial products increased by 43%, the franchise real estate commission revenues by 45% and the commission revenues in own real estate offices by 48%. Housing-related government subsidies, housing allowance from employers used for loan repayments, state-subsidized credit for young Hungarian blue-collar workers, and spike in available household cash resources from government bond payments are expected to support both the real estate and financial intermediary market in 2025.

The subsidized loan program of Poland expired at the end of 2023; consequently, real estate transactions started to decline by Q1 and loan disbursements by Q2 of 2024. In Q4 2024, however, all 3 segments showed a quarterly growth: franchise real estate commission improved by 6% (-13% y-o-y), own offices revenue increased by 3% (-33% y-o-y) and volumes in financial intermediation grew by 6% (-17% y-o-y). As banks have begun to lower their margins; their loan offers became more attractive for those planning to buy real estate as well as those willing to refinance existing loans.