Duna House’s May Transaction Number Estimate (DH-TB) and Mortgage Loan Forecast, which saw 14,193 real estate sales and purchases in the country in May, the strongest May in the real estate market in recent years, were released. The mortgage loan market is also growing, with the volume exceeding HUF 100 billion again estimated after the decline in April.
Duna House publishes a Monthly Transaction Number Estimate (DH-TB) and a mortgage loan forecast, according to which in May 2021, 14,193 real estate sales and transactions took place nationwide, and HUF 102-107 billion of residential mortgage loans with a contractual amount were realized.
After the average April, the residential real estate market closed with minimal growth in the longer month of May. Duna House’s estimated 14,198 transactions represent the strongest May market in recent years, up 5% from 2019, and nearly 70% more sales this year compared to last year’s low wave from COVID. Duna House expects that the volume of real estate sales in the second quarter will not exceed the outstanding result of the first quarter of this year, but may close with a total transaction turnover of 38-40 thousand.
The mortgage loan market has been on a strong upswing since March, with Duna House Finances estimating a volume of over HUF 100 billion again in May. Out of the HUF 102-107 billion market forecast for May, the home renovation subsidy has already carved out almost 10%, in addition to which financial institutions also contracted over HUF 92-94 billion from traditional mortgage loans.
According to the MNB’s factual data, the domestic mortgage market exceeded the HUF 100 billion psychological limit in March, according to the central bank, HUF 104.72 billion in residential mortgages were realized on the market, after which the market closed with a volume of HUF 92-93 billion in April. House estimates.
Source: Ingatlanhírek by ingatlanhirek.hu.
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