Articles by #hashtag


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Housing Market: Unprecedented Momentum in May

Jun 12, 2023

The real estate market experienced a long-unprecedented momentum in May, with investment in the capital and moving to larger properties in rural areas motivating buyers, while nationwide, demand was focused on good condition apartments, real estate brokerage firm Duna House said on Monday. According to its estimates based on the company’s own data, 10,187 sales […]

Substantial Revenue Growth at Duna House Group

Jun 1, 2023

Duna House Group`s revenue grew by 143% to HUF 9.4 billion and EBITDA increased by 47% to HUF 832 million in Q1 2023 compared to the previous year. Management believes that the current quarter was the low point of the market decline since mid-2022 and expects an improving trend in the Group’s core results in […]

The Housing Market Took a Spring Break in April

May 14, 2023

April brought a temporary downturn in the domestic real estate market in Hungary, with a thousand fewer transactions compared to the previous month, according to the latest barometer report published by the real estate agency Duna House. Based on Duna House's own data, the number of sales nationwide was estimated at 6,787, which is still […]

Falling Real Estate Investment from Outside the EEA

May 8, 2023

In the 125,000 or so transactions that took place on the Hungarian real estate market last year, there were 2,524 cases of foreign investors who had to apply for a property purchase because they were not citizens of the European Union, the European Economic Area (EEA) or Switzerland. This is a 7%% drop compared to […]

April Slump in the Hungarian Housing Market

May 3, 2023

The Easter and spring break period caused a temporary decline in the Hungarian real estate market, with 6,787 residential properties changing hands in April, which is a thousand less than in the previous month, the real estate broker firm Duna House Group told MTI on Wednesday. According to Duna House's estimates based on its own […]

Moderating House Prices in the First Quarter

Apr 12, 2023

In March 2023, the Hungarian real estate market closed the quarter with 7,787 sales transactions, marking a 25% increase compared to February and the best month of the first quarter. Even so, the gradual increase in the number of transactions still resulted in only 19,893 sales in the quarter, the weakest first quarter performance in […]

Positive Growth Outlook at Duna House Group

Apr 11, 2023

The real estate Duna House Group achieved record volumes in 2022 by the Italian expansion. The dramatic decline in volumes in Poland and Hungary in 2022 was halted by the end of the first quarter of 2023, with already a quarterly increase in Poland and a turnaround in Hungary in March 2023. The Group says […]

Duna House Revenue and EBITDA Up Significantly

Feb 28, 2023

Duna House Group`s revenue grew by 89% to HUF 8.9 billion and EBITDA tripled to HUF 1.6 billion in Q4 2022 compared to the previous year. For the full year 2022, consolidated revenue doubled to HUF 30.3 billion and EBITDA jumped by 120% to HUF 4.4 billion, the company reported on the website of the […]

Real Estate Market: Weakest Year Start in Ten Years

Feb 22, 2023

The Hungarian real estate market plunged to a new low in January 2023, after stagnating in November and December. The 5,853 sales estimated by Duna House nationwide represented the weakest start to the year in 10 years: the last time there were fewer transactions in January was back in 2013, the property agency Duna House […]

Real Estate Market: Weak Start to the New Year

Feb 10, 2023

Based on estimates by Duna House, the real estate market plunged to a new low in January 2023, after stagnating in November and December. The 5,853 sales estimated by the real estate network nationwide represent the weakest start to the year in 10 years: the last time there were fewer transactions in January was in […]

Duna House Increases Ownership in Hgroup

Jan 28, 2023

Duna House Holding Plc. (DHG) has informed the capital market participants on the website of the Budapest Stock Exchange that it has increased its ownership in the Italian Hgroup S.P.A. from 70.00% to 71.14% on December 6, 2022 and subsequently to 77.13% on January 26, 2023 by purchasing shares from three minority shareholders who no […]

Property Purchases for Investment Increase in Hungary

Jan 13, 2023

Property purchases for investment purposes increased both in the Hungarian capital and in rural areas last December, according to Duna House's own data. In Budapest, investor motivation generated 53% of transactions in December 2022, and 33% in the countryside, an increase of 7 and 4%age points, respectively, compared to the same period in 2021. Investors […]

Fewer Residential Sales Expected in Hungary This Year

Jan 2, 2023

Market players expect 90-120,000 fewer residential property sales in 2023 than last year, with the outlook mainly determined by lending rates, changes in utility bills and remaining state subsidies. As the property agency Duna House told the state news agency MTI on Monday, it estimates that 6,474 sales were made on the real estate market […]

Increased Revenues at Duna House Group

Nov 29, 2022

Duna House Group closed the third quarter (Q3) 2022 with 120% year-on-year growth in revenues to HUF 8.4 billion and 60% increase in EBITDA to HUF 904 million, the Group has announced on the website of the Budapest Stock Exchange. Following the strong results of Q2 2022, the Group`s core profit lines have declined from […]

Housing Market: Subdued Demand, Booming Investor Scene

Nov 14, 2022

With subdued demand, the housing market ended October as the weakest month this year in Hungary. The 8,326 sales estimated by the nationwide real estate network Duna House were down 9% on the previous month and 28% down compared to October 2021. Rising lending rates and concerns about the energy crisis have made more and […]

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