Hungary: old flats suffer catastrophic price falls, as buyers shift to new
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Hungary’s housing market is still depressed, after four years of house price falls. The nationwide house price index dropped by 2.2% in 2012 (-7.4% inflation-adjusted), according to the FHB Bank.
Second-hand dwelling prices fell 10.2% in 2012 (-14.8% inflation-adjusted), the biggest decline since Q4 2010, according to the Hungarian Central Statistical Office (KSH).
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