The latest data compiled by the Hungarian Central Statistical Office (KSH), Eurostat and the National Bank of Hungary (MNB) all signal that the upward trend on the residential property market has gained further momentum. According to a recent analysis by FHB Land Credit and Mortgage Bank Company, in Q1 2016 the bank’s FHB House Price Index showed growth, edging up from 199.93 to 215.06. This implies a quarter-on-quarter price increase of 7.6 percent and 8.8 percent, respectively, in nominal and real terms. It is the largest quarterly growth figure since the onset of the crisis.

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(Ministry for National Economy)