Home sales in Hungary hit 3-year high in January on early repayment scheme.

By bne IntelliNews February 2, 2012
Sales of homes in Hungary hit a three-year high of 12,970 in January 2012 as Hungarians rushed to join a government scheme allowing them to repay early foreign exchange mortgages at exchange rates far below market rates, Napi Gazdasag daily reported citing data from real estate agency Duna House. The January 2012 sales were by two and a half times higher than in the same month of 2010. About one-third of all home purchase deals last month were aimed at investment. A total of 87,900 homes were sold in full-2011.
Notice: Undefined index: social in /var/www/html/application/views/scripts/index/article.phtml on line 259

Related Articles

Assets of Hungarys investment funds up 3.2% m/m in Feb 2013.

Hungary's investment funds had aggregate assets of HUF 3.657tn (EUR 11.98bn) as of end-February 2013, up by 3.2% m/m, MTI news agency reported citing data from the association of investment funds ... more

Hungary's number of employees down 0.6% y/y in Jan 2013.

The number of employees in Hungary's public and private sectors fell for the tenth straight month in January 2013 declining by 0.6% y/y to 2.574mn, the statistics office informed. The decline ... more

Hungarys MVM clears deal for purchasing E.ONs local units.

The assembly of state-owned Hungarian Electricity Works (MVM) has approved the purchase of the local gas business of German power utility E.ON, Hungary AM reported, citing local daily Magyar ... more