Signs of Revival in the Real Estate Market in Hungary

Last December, the real estate market began to revive again in Hungary with 9,646 residential properties changing hands nationwide, representing a 1.5% increase compared to the previous month, but a 5.7% decrease compared to the previous year, according to estimates based on its own data, Duna House told MTI on Tuesday.

They added that December is traditionally much weaker than November due to the Christmas holidays, so the increase is "a very pleasant surprise."

They pointed out that due to the market-stimulating effect of the Otthon ('Home') Start program, the number of transactions grew spectacularly in August and September. However, after the peak in sales in September, a significant correction was measured in November, but this trend reversed by the end of the year and brought renewed growth in December.

They emphasized that Duna House therefore estimates 129,000 transactions for 2025 as a whole, which is at the upper end of the predicted range of 120,000-130,000. The real estate agency expects a similar number of sales, 110,000-130,000, in the real estate market this year, 2026.

The credit market was extremely lively in December. According to domestic data from Credipass, the group's international financial brand, the volume of residential mortgage loans in December is estimated at HUF 270 billion, which represents a 131% increase year-on-year compared to the Hungarian National Bank's (MNB) data for December last year.

Based on the official data published by the MNB in November and the December forecast by the financial intermediary Credipass, the HUF-based mortgage loan market closed at HUF 1,971 billion, an increase of almost 46% compared to the 2024 market of HUF 1,351 billion.