The GKI real estate indices for Budapest and Hungary stood at -1 and 0 points in October 2017, respectively. Compared to the previous quarter, the index in the capital has dropped by 2 points but the index for the whole country has not changed. The Budapest index has decreased by 4 points over a year and the country index has increased by 2 points. The peak of the property market outlook is over for about a year but the present outlook is still positive.
In July, the GKI real estate indices for Budapest and Hungary stood at 1 and 0 points respectively. Both figures dropped slightly by 1 point, compared to the previous survey. Both indices went up 2 points, compared to the survey made one year earlier. The property market outlook improved only in the office space market, from the previous quarter. On the other hand, no significant change occurred in the other three segments. Generally, the property market outlook is slightly over its peak but it is still on the sunny side.
In April, the Budapest and the national real estate indices of GKI stood at 2 and 1 points, respectively. The index figure in the capital city has fallen modestly by 1 point. The national index has dropped slightly from January (within the error margin). Both indices went up 3 points compared to one year earlier.
In January 2017, the Budapest and the Hungarian real estate market indices of GKI-MGYOSZ stood at +4 and +2 points respectively. The index figure in Budapest was slightly up (within the error margin), while the national index has increased 3 points. Compared to one year earlier, both indices went up 7 points.
In July 2016, the Budapest and the Hungarian real estate market indices of GKI-MGYOSZ – compared to the previous quarter – increased by 1 and 2 points respectively. Both indices were 6 points higher than one year earlier. The index figures represent a 42-quarter peak for Budapest, and a 48-quarter peak for Hungary. That is, such high values have not been seen for ten or twelve years, respectively.