The Budapest housing market continues to accelerate, the rural one slows down

1014151_1416325523_1002619-1412067653-1002624-1412067558-immobilier-construction-real-estate-immeuble-batiment-2In April 2016, the Budapest and the Hungarian real estate market indices of GKI-MGYOSZ were higher than in the previous quarter, in both cases by almost 2 points. The former index was 5 points higher than a year ago, the latter one by 3 points. The index figures represent a 41-quarter peak for Budapest, and a 37-quarter peak for Hungary.


You can download the report from here.

You can download the index values from here.

The economy is slowing down

teknősGrowth data at the beginning of the year indicate a slowdown in the Hungarian economy. In recent months, international forecasting institutions have reduced their GDP forecasts for Hungary and economic expectations have also deteriorated slightly. The GDP forecast of GKI is unchanged: the annual average growth rate will only be around 2.3 per cent in 2016, after 2.9 per cent in 2015 and 3.7 per cent in 2014, especially due to the decrease in investments. Read More …

The GKI Economic Sentiment Index has declined for the third consecutive month

Composite image of serious businessman standing with hands in pockets

In April, business expectations deteriorated. Although consumer ones improved slightly, they still remained below their February level. According to the empirical survey conducted by GKI ( with the support of the EU, confidence in the economy decreased slightly in all sectors and also among consumers in April, compared to its high level in January.  Read More …

Forecast for 2016

lajharDespite the numerically similar projections for economic trends in 2016, there are still huge differences in the interpretation of these figures. The government envisions sustainable growth and catching up with Austria in the foreseeable future. GKI, however, can only observe partial successes
and continuous lagging behind the CEE region. In recent months the present Hungarian government continued the completion of the model by passing market economy, legal certainty and transparency. Anti-EU attitudes reached a new, more manifest phase. Read More …

Further declining consumer expectations, business expectations unaltered

Wallet with no money insideAfter its fall in February, the GKI economic sentiment index adjusted for seasonal effects continued to decline in March. According to the empirical survey conducted by GKI ( with the support of the EU, expectations remained unchanged in the business sector, whereas they continued to decline noticeably among consumers. However, they still reflect an optimistic mood. Read More …