Home sales in Hungary could reach 130,000 this year, climbing from around 100,000 in 2023, David Valko, the chief analyst for OTP Ingatlanpont, the real estate broker of OTP Bank, said on Tuesday.
Valkó said that next year, rules allowing Hungarians to tap their savings in voluntary pension funds for home purchases could rechannel as much as HUF 1,000bn to the market.
He noted that home sales had climbed 36pc in Q1 and 20pc in Q2, according to transactions data from the Central Statistics Office (KSH). He added that nominal prices could rise by 8-10pc for the full year.
Erika Kasziba, in…
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