PRIVACY POLICY
Statistical information and estimates published in the Duna House Barometer are the intellectual property of Duna House Franchise Ltd. Statistical information and estimates presented in the Duna House Barometer are for infor-mation purposes only, for the complexity and accuracy of which Duna House Holding does not take responsibility.
Statistical information and estimates published in the Duna House Barometer can be used for individual purposes and responsibility by any person with reference to the following conditions:
•Statistical information and estimates published in the Duna House Barometer must remain unchanged when presented.
•Statistical information and estimates presented in the Duna House Barometer must be published only with exact source indication: words "Source: Duna House Barometer" must be indicated right prior or following the text. If in context, it must directly refer to Duna House Barometer as source.
Any use other than the above will imply legal juridical measures. Duna House is entitled to claim the termination of misuse and refund of the entire damage caused. In case of breaching regulations of link posting Duna House is enti-tled to instantly remove the link pointing to the webpage and claim the refund of its damages.
FORTHCOMING ISSUES
Date of issue | Content |
December 12, 2018. | November data |
January 12, 2019. | 2018. Q4 data (including price indexes and housing loan data) |
February 12, 2019. | January data |
Duna House Barometer is available from the 12th day of each month (forthcoming weekday if weekend) on the webpage:www.dh.hu/barometer
If you wish to receive Duna House Real Estate Barometer or download previous issues visit our webpage:www.dh.hu
GENERAL INFORMATION CONSERNING THE CONTENT
OF THE PRESENT PUBLICATION
Attention! The present publication must not serve as grounds for estimating, or making conclusions in relation of Duna House business profitability.
All data, information, estimates and professional statements presented in the publication are developed based on data gained from the activities of Duna House Holding members,or in some cases are based on subjective experience. Application of those for the entire Hungarian property market may require additional corrections. Data sources - unless indicated differently at the given section - derive from the database operated by Duna House Holding, the content of which is compiled by members of the network upon their individual judgement and information gained from clients. The operator does not take responsibility for the comprehensiveness of the data. Data presented in the present publication is mainly based on parameters of property transactions in major Hungarian cities given by Duna House branch offices and agents.
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Privacy Policy, Forthcoming issues Executive Summary
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Duna House Transaction Estimate Transaction parameters in Budapest Transaction parameters regionally
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Residential Flat data
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Demand Index and Interest toward the districts Quality preference and Transaction time
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Client profile: buyers
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Client profile: sellers
EXECUTIVE SUMMARY
In means of transaction volume, 2018's last quarter shows a strong start. Although the tendency of a weakening market towards the end of the year is beginning to show, the property market is still significantly more active this year than usual.
In Buda, 75% of sale and purchases took place in the HUF 750 thousand+ m2 price category. When compared to last October, a strong price increase is seen on the Pest side as well, with the ratio of properties sold in the HUF 600 thousand+ m2 price range being double than last year's values. On countywide level on the other hand, only 10% of transactions reached HUF 400 thousand/m2. When analyzing square meter prices, the difference between Budapest's central districts and other parts of the country reaches the 2.5 multiplier, whereas in case of panel flats it was 1.5 in October.
The time need for sale has decreased when compared to the previous year, with the only exception being Buda and the Inner City of Budapest, where the volume of price growth clearly slowed down the turnover time of properties. As far as brick built properties are concerned, the average m2 price is close to HUF 700 thousand.
Further information
Károly Benedikt• Head of PR and analysis+36 30 811 0690benedikt.karoly@dh.hu
Duna House Holding Nyrt.
H-1016 Budapest Gellérthegy str. 17. +36 1 555 2222www.dh.hu
3 INTERESTING FACTS:
TRANSACTION DATA
Duna House Transaction Number Estimate (DH-TE)
The last quarter of 2018 shows a strong launch. Despite the lower number of business days resulted by the long weekend in October the sale and purchase transaction volume ended up being 18% higher than in 2016, and 4% more than in 2017. Autumn and winter months are generally weaker; a tendency that seems to be invalid for the present year as October transaction numbers are practically the same as September volumes.
250 000
volume of residential property transactions conclueded between private individuals (Hungarian
17 500
Central Statistic Office)
200 000
15 000
150 000
100 000
12 500
10 000
50 000
7 500
0
5 000
The below table shows monthly transaction volume estimates by Duna House, prepared in the current month.
jANUARy | FEBRUARy | MARCH | APRIL | MAy | jUNE | jULy | AUGUST | |||||
2016 | 9 870 | 13 130 | 13 897 | 14 118 | 13 294 | 14 550 | 11 257 | 11 814 | 12 029 | 10 786 | 10 700 | 9 229 |
2017 | 10 444 | 11 317 | 13 762 | 12 452 | 13 855 | 12 836 | 12 951 | 13 787 | 13 639 | 12 246 | 11 820 | 9 787 |
2018 | 10 918 | 12 869 | 13 426 | 13 180 | 13 967 | 13 098 | 14 246 | 13 869 | 12 787 | 12 689 |
SEPTEMBEROCTOBERNOvEMBERDECEMBER
Methodology behind DH-TE: Regardless of the time, the most important indicator of the real estate market is the yearly sale-purchase transaction number. DH-TE is an estimate published by Duna House showing interim approximate data. The estimate is based on monthly transaction number of property brokered by Duna House and the estimated market ratio of Duna House. The estimate of the actual monthly market ratio of Duna House is based on the following indicators:: 1. data published by the Hungarian Central Statistical Office on transactions among private individuals Since the Statistical Office publishes data with a months' delay, the correction of market ratio can be carried out retroactively with refining of the estimate as well. Attention! After 2016 and by the newly built flat boom, pre-contracted transactions are visible in the statistics of the Statistical Office with a delay of several months, even 1-2 years, only following the tariff of the capital transfer tax, resulting in anomalies in the statistics. 2. Amount of issued Energy certificates. 3. Subjective assessment based on other management information from the Duna House Holding.
Please note that DH-TE data is not appropriate for defining the volume of transactions brokered by Duna House!
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Duna House Holding Nyrt. published this content on 12 November 2018 and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on 12 November 2018 14:13:10 UTC