In January of 2019, the GKI real estate indices for Budapest and Hungary stood at 9 and 11 points respectively. Budapest index decreased by almost 2, the national index rose by 3 points compared to the previous (October 2018) survey. Both indices went up 11 points compared to the survey made one year earlier. The national index reached its historical peak, the capital index is not much less than its historical peak. General optimism lasts longer. There are ‘no clouds on the sky’ of the Hungarian real estate market.
After three months of growth, the GKI economic sentiment index dropped to its October level in January 2019. Business and consumer expectations slightly deteriorated as well, and especially the latter are less favourable than a year earlier. At the same time, both of them continue to reflect strong optimism.
Following its slowdown at the end of summer, in December GKI’s economic sentiment index has been growing for the third consecutive month. Both business and consumer expectations have improved slightly, reflecting strong optimism.
GKI’s economic sentiment index remained essentially unchanged in November. Business expectations continued to improve, whereas consumer ones declined further. The business confidence index is around its yearly average now. Although the consumer confidence in-dex is close to its lowest point this year, it continues to reflect optimism.
In October, the GKI real estate indices for Budapest and Hungary stood at 11 and 7 points respectively. Budapest index rose by 5, the national index rose by 4 points compared to the previous survey. The capital index went up 11 points, the other one rose by 7 points, compared to the survey made one year earlier.