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How long will apartment prices increase?
According to the latest Eurostat report, property prices in Hungary have risen faster than last year.

According to Eurostat data published Monday, residential property prices increased on average by 14% in the second quarter of 2019, far ahead of the 26 European countries surveyed.

Although the real price index is lower because of rising inflation, 9.7% is still in first place on the podium, shared with Croatia.

Hungary has beaten everyone, as homes have become expensive.

Portugal is in second place with 9%, followed by a spectacular fall. At the end of the list there are four countries (Romania, Italy, United Kingdom and Finland), where during the year, adjusted for inflation, was seen a decline.

Although there have been only four quarters since 2015, where the rate of increase was a few percentage points lower than today, the rise in inflation has led to a widening gap between nominal and real prices.

The last time prices fell from one quarter to another was in 2013, it is true that compared to the first quarter of 2019, it is only symbolic, it was 0.1%, comments Dávid Valkó, senior analyst at OTP Ingatlanpont.

According to Valkó, there is no expected general price decline for the next 2-3 years.