Home House Prices Worldwide
House price changes in Hungary
Last updated: September, 06, 2015
a1. House price change
a2. % change over a year earlier
a3. Hungary, Budapest
The FHB Bank publishes the quarterly FHB Housing Price Index, which is based on the buying and selling transaction data recorded by the FHB itself, APEH’s database and the national tax authority. It stretches back to 1998.
Otthon Centrum, a real estate portal, has quarterly data on the average transaction price of all residential units. The data can be requested through email.
The Hungarian Central Statistical office publishes quarterly data on property prices of existing dwellings.
a8. Residential Property Prices, Existing dwellings (2010=100)
a9. Hungary, Budapest
a10. Source: Hungarian Central Statistics Office
Quarterly Change in house prices
Q1 Q2 Q3 Q4 2015 4.96 2.99
2014 1.96 2.01 2.00 2.42
2013 0.31 0.16 0.16 -1.43
2012 0.99 -3.61 -1.03 -1.99
2011 -0.34 -0.79 -1.32 -0.58
2010 3.13 -0.85 -0.24 -1.86
2009 -3.29 -1.24 -3.01
This table shows the change in house prices during a single quarter.
The figures are not adjusted for inflation, so may overstate house price rises (or understate declines).
Four quarter's house price changes may NOT sum to the annual (year-on-year) change in house prices, for statistical reasons.
Your Guide to House Price Statistics
Adjusting for inflation
Most agents overstates the upward movement in house prices. That's because their house price figures are gross, i.e., not adjusted for inflation. If house prices have risen by 5% during the past year, but inflation has been 5%, the
real increase in the value of the house has been zero.
That's why our second graph shows house price changes both
nominal and real.
Nominal house price changes = the figures published by most official statistical sources.
Real house price changes = house price changes after adjusting for inflation.
House price statistics elsewhere
We generally use Central Bank or National Stattistical Institute data. But occassionally, we use data generated by realtors (Colliers for the Philippines) or other data - Japan generates no dwelling price stattistics, so we use land prices as a proxy for dwellings prices.
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Property and Real Estate Prices - Worldwide Title:
View the worldwide changes in house prices through these graphs. Description: