Hungary is second in EU real estate price growth


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Only one country experienced a greater growth of prices on the real estate market in past months than Hungary. In the last quarter prices grew by 1.2% in the Eurozone and 1.3% in the European Union.

The largest growth was registered in Sweden in the April-June period, average prices on the real estate market went up by 13%. The second place on the list belongs to Hungary with a growth rate of 11.9%. Ireland and Estonia follows with 10.7 and 10.5 percent growth respectively.

Decreasing prices were only registered in 4 countries in the whole EU, including Latvia, Italy, France and Finland. But in Finland the decrease only means 0.1 percent, which basically means that average prices on the market did not change significantly.

Compared to the previous quarter prices grew by 7.4% in Cyprus and 6.4% in Austria. Hungary maintained a strong position in the mid-range with a growth of 2.3 percent.

The statistics were officially published by Eurostat, but did not include the numbers from three members of the European Union: Germany, Greece and Poland.

(Source: http://hvg.hu/ingatlan/20151008_Ingatlanarak_megugrasa_Magyarorszag_a_mas)

 

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