중동부유럽

The development of the housing market plays a crucial role in Hungary's economic development, and its fluctuations can have far-reaching effects on the overall economy. Several key factors influence the housing market, including economic growth, inflation, interest rates, borrowing and lending trends, practices and confidence indicators related to the housing market and the construction sector. Unfortunately, recent months have seen a confluence of negative developments in these areas, leading to uncertainties and a rather gloomy outlook in the world market which mainly derives from the side-effects of the Ukrainian and Russian war (prices shock in the energy market, worsening terms of trade, global rise of interest rates etc.). In this briefing, we will delve into the recent trends in the Hungarian housing market, focusing on aspects such as prices, the number of new construction projects, and contracts within the construction sector. We will also explore how the government has supported or mitigated these changes, along with broader perspectives on the construction sector.