Residential property transaction volume estimate: November 2017
Duna House presents its monthly Transaction Number Estimate (DH-TE), according to which 11 820 property sale and purchase transactions took place in November 2017 countrywide.
We are expecting a stronger Q4 in 2017 than in the last period of the previous year. Although the transaction volume is slowly declining in line with seasonality towards the end of the year, a 10.5% growth is detected in comparison with the month of November in 2016. From dynamics aspect, these values seem to follow to the trends of 2015, but on a higher level. This year, and in 2015, the volume of the fallback at the end of the year is somewhat lower than in 2016.
This year so far, 139 109 transactions have taken place, while last year the same indicator, at the same time showed 135 444.
Budapest, December 4, 2017.
Background info
The below table shows monthly transaction volume estimates by Duna House.
January | February | March | April | May | June | July | August | September | October | November | December | |
2015 | 9 040 | 10 776 | 12 263 | 12 118 | 11 934 | 12 184 | 12 355 | 11 066 | 10 987 | 11 842 | 10 553 | 10 039 |
2016 | 9 870 | 13 130 | 13 897 | 14 118 | 13 294 | 14 550 | 11 257 | 11 814 | 12 029 | 10 786 | 10 700 | 9 229 |
2017 | 10 444 | 11 317 | 13 762 | 12 452 | 13 855 | 12 836 | 12 951 | 13 787 | 13 639 | 12 246 | 11 820 |
Methodology behind DH-TE
Regardless of the time, the most important indicator of the real estate market is the yearly sale-purchase transaction number. DH-TE is an estimate published by Duna House showing interim approximate data. The estimate is based on monthly transaction number of property brokered by Duna House and the estimated market ratio of Duna House. The estimate of the actual monthly market ratio of Duna House is based on the following indicators: data published by the Hungarian Central Statistical Office on transactions among private individuals. Since the Statistical Office publishes data with a months' delay, the correction of market ratio can be carried out retroactively with refining of the estimate as well; Amount of issued Energy certificates; Subjective assessment based on other management information from the Duna House Holding. Please note that DH-TE data is not appropriate for defining the volume of transactions brokered by Duna House, neither for estimating the business profit of Duna House Holding, or the making of any related conclusions.
Duna House Holding Nyrt. published this content on 13 December 2017 and is solely responsible for the information contained herein.
Distributed by Public, unedited and unaltered, on 13 December 2017 15:28:06 UTC.
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