DUNA HOUSE BAROMETER QI-2. and JUNE. 72. issue THE LATEST PROPERTY MARKET INFO FROM DUNA HOUSE NETWORK

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1 DUNA HOUSE BAROMETER 72. issue QI-2. and JUNE THE LATEST PROPERTY MARKET INFO FROM DUNA HOUSE NETWORK

2 PRIVACY POLICY Statistical information and estimates published in the Duna House Barometer are the intellectual property of Duna House Franchise Ltd. Statistical information and estimates presented in the Duna House Barometer are for information purposes only, for the complexity and accuracy of which Duna House Holding does not take responsibility. Statistical information and estimates published in the Duna House Barometer can be used for individual purposes and responsibility by any person with reference to the following conditions: Statistical information and estimates published in the Duna House Barometer must remain unchanged when presented. Statistical information and estimates presented in the Duna House Barometer must be published only with exact source indication: words Source: Duna House Barometer must be indicated right prior or following the text. If in context, it must directly refer to Duna House Barometer as source. Any use other than the above will imply legal juridical measures. Duna House is entitled to claim the termination of misuse and refund of the entire damage caused. In case of breaching regulations of link posting Duna House is entitled to instantly remove the link pointing to the webpage and claim the refund of its damages. FORTHCOMING ISSUES Date of issue August 8, 2017 September 8, 2017 October 9, 2017 Content July data August data Q3 data (including price indexes) Duna House Barometer is available from the 8th day of each month (forthcoming weekday if weekend) on the webpage: If you wish to receive Duna House Real Estate Barometer or download previous issues visit our webpage: GENERAL INFORMATION CONSERNING THE CONTENT OF THE PRESENT PUBLICATION All data, information, estimates and professional statements presented in the publication are developed based on data gained from the activities of Duna House Holding members, or in some cases are based on subjective experience. Application of those for the entire Hungarian property market may require additional corrections. Data sources - unless indicated differently at the given section- derive from the database operated by Duna House Holding, the content of which is compiled by members of the network upon their individual judgement and information gained from clients. The operator does not take responsibility for the comprehensiveness of the data. Data presented in the present publication is mainly based on parameters of property transactions in major Hungarian cities given by Duna House branch offices and agents. 2

3 JUNE 2017 DUNA HOUSE BAROMETER CONTENT: 2. Privacy Policy, Forthcoming issues 4. Executive Summary 5. Transaction Number, Demand Index 6. Flat Indexes merged, national 7. Residential Flat Indexes regional, Budapest 8. Brick flat data Q Panel flat data Q Bargain by regions/districts (Q1-2) 11. Flat price data, Regional quality preference (Q1-2) 12. Interest toward districts, bargain (June) 13. Client profile: buyers 14. Client profile: sellers 15. Transaction parameters Budapest 16. Transaction parameters Regional 3

4 EXECUTIVE SUMMARY Although the turnover on the real estate market has shown a fluctuant picture so far this year, it is still amongst the strongest first six months of the recent years. Number of sales and purchases reached nearly 13 thousand in June, which is 1 less than in the same, outstanding period of the last year. This year s value still exceeds all other previous June months. Duna House has given a 75 thousand volume estimate for the total turnover in Q1-2 of 2017, which shows a decline when compared to the same period of the previous year, but also which has been the strongest six months of the post-crisis era so far. Q3-4 in 2016 showed a volume below 68 thousand, compared to which, this year presents a 1 increase. Following this year s 89 point highest score in February, demand has been decreasing in line with the trends, and ended at 74 point by the end of the first six months. Last year, the index reached its bottom point similarly in June, with 71 points. The price decrease experienced in Q1 of this year doesn t seem to be permanent the National residential property index has jumped from 117 points to a new high value of 121 points. The real index deflated with the consumer price index stands at 93 point, meaning it still has not reached the pre-crisis level of early The National Panel Index, on the other hand, is at its peak on real value as well, arriving at the points base value. The same doesn t apply to the Brick Index, which is still 12 points behind the pre-crisis level. Actually, both indexes have recovered from the setback in Q1 and are at 129, and 114 points (on nominal value). Regional indexes have generally risen, with the exception of the brick index for East-Hungary, which has dropped from its 122 point peak at the end of last year to 112 firstly, and to by now. In the same region, the panel index is at its peak with its 127 points. In the west side of the country, the indexes of brick and panel flats is the same, namely 109 points. In case of brick flats, with a strong jump, it actually presents the highest value so far. In Budapest, prices of panel flats seem to be unable to stop rising. The index has nearly steadily grown during the past 3.5 years, standing at a peak of 159 points at present, which presents a record on real value as well with 123 points. The capi-tal s brick index also broke a record when it rose from 123 to 128 points and ended up only one point behind the base value. When comparing the parameters of properties sold in the first six months of the year and those sold a year before, price increase can be detected. In Budapest, in Q1-2 of 2016, for example, only of the buyers paid more than HUF 600 thousand for a square meter, while this year is was 2. In the same price range, on the Pest side the ratio has doubled from. In Budapest, the most popular properties are still in the size range of 40-60, chosen by 3 of the buyers. The ten-dency of the more expensive price levels accounting for a bigger portion this year than earlier is less impressively also detected. Here, of the buyers paid more than HUF 300 thousand for a square meter last year, which is 1 at present. In Pest County, the ratio of the same price level grew from to 1. In Q1-2 of 2017, regionally, Tolna County presented the lowest average unit-, and square meter prices (HUF 131 thousand/m 2 ) for used brick flats. The same flat type regionally was sold on the highest price in Győr-Moson-Sopron County, where buyers paid HUF 292 thousand for a. In Budapest, District 22 ended up being the least expensive from all aspects (average HUF 281th/ ) when looking at used brick flats, while the most expensive area was District 5 with its HUF 787 thousand. The average square meter price was above HUF 500 thousand in another eight districts. In case of panel flats the average unit-, and square meter price, similarly to brick flats, was the lowest in Tolna County. Here panel flats were available for HUF 124 thousand/. Highest average prices, similarly to used brick flats, were found in Győr-Moson-Sopron County. The average HUF 276 thousand price found there is still HUF 50 thousand below the general Budapest average. In Budapest, the most expensive panel prices were found in the panel-weak District 2, namely HUF 565 th/. Among Districts with bigger panel volumes, prices exceeded HUF 400 thousand in District 11, in addition to which Districts 13 and 14 also presented HUF 370 thousand prices on average. In Jász-Nagykun-Szolnok County, sellers lowered the listing prices by on average (in some other counties it reached ), but the buyers were able to achieve a further discount. In Borsod-Abaúj-Zemplén County buyers were able to make seller lower their prices by on average, and sellers also decreased their original prices by. In Budapest, the least volume-modification of prices was detected in District 3, where the original listing price remained nearly the same (). In District 1, buyers were forced to lower their original prices by, which was followed by another discount achieved by the buyers. Further information Gábor Rutai Head of PR and analysis rutai.gabor@dh.hu Mob.:

5 JUNE 2017 DUNA HOUSE BAROMETER TRANSACTION NUMBER AND DEMAND INDEX DH -TE (Duna House Transaction Number Estimate) Although the turnover on the real estate market has shown a fluctuant picture so far this year, it is still amongst the strongest first six months of the recent years. Number of sales and purchases reached nearly 13 thousand in June, which is 1 less than in the same, outstanding period of the last year. This year s value still exceeds all other previous June months. Duna House has given a 75 thousand volume estimate for the total turnover in Q1-2 of 2017, which shows a decline when compared to the same period of the previous year, but also which has been the strongest six months of the post-crisis era so far. Q3-4 in 2016 showed a volume below 68 thousand, compared to which, this year presents a 1 increase Volume of residential property transactions conclueded between private individuals (Hungarian Central Statistic Office) Duna House transaction number estimate ) JAN FEB MAR APR MAY 2015 JUN JULY AUG SEPT OCT NOV DEC JAN FEB MAR APR MAY 2016 JUN JULY AUG SEPT OCT NOV DEC JAN FEB MAR APR MAY 2017 JUN 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:: 1. 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. Attention! After 2016 and by the newly built flat boom, pre-contracted transactions are visible in the statistics of the Statistical Office with a delay of several months, even 1-2 years, only following the tariff of the capital transfer tax, resulting in anomalies in the statistics. 2. Amount of issued Energy certificates. 3. 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! DH - DEMAND INDEX Following this year s 89 point highest score in February, demand has been decreasing in line with the trends, and ended at 74 point by the end of the first six months. Last year, the index reached its bottom point similarly in June, with 71 points JUN MAY 2017 APR MAR FEB JAN DEC NOV OCT SEPT AUG JULY 2016 JUN MAY 2016 APR MAR FEB JAN DEC NOV OCT SEPT AUG JULY 2015 JUN MAY 2015 APR MAR FEB JAN DEC NOV OCT SEPT AUG JULY 2014 JUN MAY 2014 APR MAR FEB JAN DEC NOV OCT SEPT AUG JULY 2013 JUN MAY 2013 APR MAR FEB JAN MAY 2010 APR MARCH 2010 FEB JAN Methodology behind Demand Index The basis of the estimate is the activity registered by our agents in various, mainly major cities and Duna House offices. Corrections are made depending on the number of active agents and working days. The Demand Index is an important indication of buyer side s reactions to political decision or solutions offered by the financial sector. Demand Index is a quantitative indicator which has no direct connection with the realized transaction numbers. The latter is a qualitative issue highly effected by market environment and available financial product. 5

6 FLAT INDEXES DH - NATIONAL FLAT INDEX The price decrease experienced in Q1 of this year doesn t seem to be permanent the National residential property index has jumped from 117 points to a new high value of 121 points. The real index deflated with the consumer price index stands at 93 point, meaning it still has not reached the pre-crisis level of early Nominal Series1 Real Series About our residential property indexes: We apply a system which tries to eliminate all kinds of type related differences. Similar indicators generally use normal averaging which does not take into consideration the variable elements of transactions. When developing DH residential property indexes we use the so called hedonic method, taking into account structure, state (scale 1-5), size, year of construction as well as parameters such as floor and location. Formed customer baskets are weighted unchanged on the time scale. For the weighing of national indexes we use the regional rate of transactions published by the Central Statistical Office. NATIONAL FLAT INDEXES The National Panel Index, on the other hand, is at its peak on real value as well, arriving at the points base value. The same doesn t apply to the Brick Index, which is still 12 points behind the pre-crisis level. Actually, both indexes have recovered from the setback in Q1 and are at 129, and 114 points (on nominal value). DH - NATIONAL PANEL INDEX DH - NATIONAL BRICK INDEX I II III IV I II III IV I II III IV I II III IV I II III IV 2013 I II III IV I II III IV I II III IV I II III IV I II I II III IV I II III IV I II III IV I II III IV I II III IV 2013 I II III IV I II III IV I II III IV I II III IV I II. 6

7 JUNE 2017 DUNA HOUSE BAROMETER FLAT INDEXES - REGIONAL Regional indexes have generally risen, with the exception of the brick index for East-Hungary, which has dropped from its 122 point peak at the end of last year to 112 firstly, and to by now. In the same region, the panel index is at its peak with its 127 points. In the west side of the country, the indexes of brick and panel flats is the same, namely 109 points. In case of brick flats, with a strong jump, it actually presents the highest value so far. EAST - HUNGARIAN PANEL INDEX EAST - HUNGARIAN BRICK INDEX I II III IV I II III IV I II III IV I II III IV I II III IV I II III IV I II III IV I II III IV I II III IV I II I II III IV I II III IV I II III IV I II III IV I II III IV I II III IV I II III IV I II III IV I II III IV I II. WEST - HUNGARIAN PANEL INDEX WEST - HUNGARIAN BRICK INDEX I II III IV I II III IV I II III IV I II III IV I II III IV I II III IV I II III IV I II III IV I II III IV I II I II III IV I II III IV I II III IV I II III IV I II III IV I II III IV I II III IV I II III IV I II III IV I II. BUDAPEST FLAT INDEXES In Budapest, prices of panel flats seem to be unable to stop rising. The index has nearly steadily grown during the past 3.5 years, standing at a peak of 159 points at present, which presents a record on real value as well with 123 points. The capital s brick index also broke a record when it rose from 123 to 128 points and ended up only one point behind the base value. DH - BUDAPEST PANEL INDEX DH - BUDAPEST BRICK INDEX I II III IV I II III IV I II III IV I II III IV I II III IV I II III IV I II III IV I II III IV I II III IV I II I II III IV I II III IV I II III IV I II III IV I II III IV I II IiI IV I II III IV I II III IV I II III IV I II. 7

8 USED BRICK FLAT DATA Q1-2. COUNTY M 2 UNIT Based on purchase prices of the given period of properties brokered by Duna House. TIME NEED OF SALE (DAY) Bács-Kiskun Baranya Békés Borsod-Abaúj-Zemplén Budapest Csongrád Fejér Győr-Moson-Sopron Hajdú-Bihar Heves Jász-Nagykun-Szolnok Komárom-Esztergom Pest Somogy Szabolcs-Szatmár-Bereg Tolna Vas Veszpré Zala DISTRICT M 2 UNIT TIME NEED OF SALE (DAY) Budapest Budapest Budapest Budapest Budapest Budapest Budapest Budapest Budapest Budapest Budapest Budapest Budapest Budapest Budapest Budapest Budapest Budapest Budapest Budapest Budapest Budapest In Q1-2 of 2017, regionally, Tolna County presented the lowest average unit-, and square meter prices (HUF 131 thousand/ ) for used brick flats. The same flat type regionally was sold on the highest price in Győr-Moson-Sopron County, where buyers paid HUF 292 thousand for a. Counted on average unit prices were the highest in Veszprém County, reaching HUF 18 Million for a brick flat. In Budapest, District 22 ended up being the least expensive from all aspects (average HUF 281th/ ) when looking at used brick flats, while the most expensive area was District 5 with its HUF 787 thousand. The average square meter price was above HUF 500 thousand in another eight districts. 8

9 JUNE 2017 DUNA HOUSE BAROMETER PANEL FLAT DATA Q1-2. COUNTY M 2 UNIT Based on purchase prices of the given period of properties brokered by Duna House TIME NEED OF SALE (DAY) Bács-Kiskun Baranya Békés Borsod-Abaúj-Zemplén Budapest Csongrád Fejér Győr-Moson-Sopron Hajdú-Bihar Heves Jász-Nagykun-Szolnok Komárom-Esztergom Pest Somogy Szabolcs-Szatmár-Bereg Tolna Vas Veszpré Zala DISTRICT M 2 UNIT TIME NEED OF SALE (DAY) Budapest Budapest Budapest Budapest Budapest Budapest Budapest Budapest Budapest Budapest Budapest Budapest Budapest Budapest Budapest Budapest Budapest Budapest Budapest Budapest Budapest Budapest In case of panel flats the average specific-, and square meter price, similarly to brick flats, was the lowest in Tolna County. Here panel flats were available for HUF 124 thousand /. Highest average prices, similarly to used brick flats, were found in Győr-Moson-Sopron County. The average HUF 276 thousand price found there is still HUF 50 thousand below the general Budapest average. In Budapest, the most expensive panel prices were found in the panel-weak District 2, namely HUF 565 th/. Among Districts with bigger panel volumes, prices exceeded HUF 400 thousand in District 11, in addition to which Districts 13 and 14 also presented HUF 370 thousand prices on average. 9

10 BARGAIN Q1-2. The map indicates the price change in total: listing price change + bargain DISTRICT CHANGE IN LISTING BARGAIN Budapest Budapest Budapest Budapest Budapest Budapest Budapest Budapest Budapest Budapest Budapest Budapest Budapest Budapest Budapest Budapest Budapest Budapest Budapest Budapest Budapest Budapest 22. 0% - Budapest Based on purchase prices of the given period of properties brokered by Duna House. COUNTY CHANGE IN LISTING BARGAIN Bács-Kiskun - - Baranya - - Békés - - Borsod-Abaúj-Zemplén - - Budapest - - Csongrád - - Fejér - - Győr-Moson-Sopron - - Hajdú-Bihar - - Heves - - Jász-Nagykun-Szolnok - - Komárom-Esztergom - - Pest - - Somogy - - Szabolcs-Szatmár-Bereg - - Tolna - - Vas - - Veszprém - - Zala - - Methodology: Change in the listing price is the difference between the first price indicated by the seller and the last registered price at the time of the appearance of the buyer. Bargain shows additional changes in the price agreed upon by the seller and buyer. The two indicators together give a good picture of the difference in price between the original idea of the seller and the actual final price In Jász-Nagykun-Szolnok County, sellers lowered the listing prices by on average (in some other counties it reached ), but the buyers were able to achieve a further discount. In Borsod-Abaúj-Zemplén County buyers were able to make seller lower their prices by on average, and sellers also decreased their original prices by. In Budapest, the least volume modification of prices was detected in District 3, where the original listing price remained nearly the same (). In District 1, buyers were forced to lower their original prices by, which was followed by another discount achieved by the buyers. 10

11 JUNE 2017 DUNA HOUSE BAROMETER FLAT DATA JUNE In June, panel flats in the western part of the country were sold for HUF 177 th. on average, which is astually the lowest value in the country. In the eastern part, HUF 189 th. m2 prices were measured, next to which here the average unit price was also higher than in the last month. In Buda, panel prices were higher than on the Pest side. The former presented HUF 370 th., while the latter HUF 290 th. per square meter on average. When looking at brick flats, the same ranking of the regions is visible. In the west part, HUF 173 th., in the east HUF 264 th., while in the capital much higher average m2 prices are present. On the Pest side, next to the average HUF 493 th., in the Inner City HUF 613 th. average prices are seen, with Buda presenting HUF 623 th. on average. PANEL COUNTRYWIDE Price price Time need of sale /day East West BRICK COUNTRYWIDE East West PANEL BUDAPEST Price price Time need of sale /day Buda Pest BRICK BUDAPEST Buda Pest Inner City Based on purchase prices of the given period and location of properties brokered by Duna House. QUALITY PREFERENCE (USED FLATS) QI-2. The highest number of flats for renovation were sold in Fejér County (1), and those of habitable class in Békés County (3). Flats of higher quality were looked for in Szabolcs-Szatmár-Bereg County (8), where 5 of acquired flats were good, while 2 very good quality. In Budapest, the ratio of buyers obtaining good and very good quality flats were nearly the same, accounting for 7 in total. The joint ratio of good and very good quality flats, in all counties exceeded 5. % 90% % 70% 60% 50% 40% 30% 20% 0% % % % % 50% % Nagyon jó Jó Lakható Felújítandó Data is assessed based on real estate sold by Duna House. Territorial distribution of transactions brokered by Duna House may differ from the territorial distribution of the market in whole. Duna House Holding carries out its real estate agency activities mainly in Budapest and major cities. Duna House Holding does not make corrections in relation of the territorial distribution of own and market transactions. 11

12 INTEREST TOWARD DISTRICTS JUNE DISTRICT MAY JUNE Budapest 01. 6, 7, Budapest 02. ker 11, 14, Budapest , 11,0% Budapest 04. 7, 6, Budapest , 8, Budapest , 14,0% Budapest ,0% 14, Budapest , 11, Budapest , 12, Budapest 10. 7, 8, Budapest , 14, Budapest , 10, Budapest , 17, Budapest , 17, Budapest 15. 8, 7, Budapest 16. 7, 6, Budapest 17. 4, 4, Budapest 18. 8, 8, Budapest 19. 8, 7, Budapest 20. 7, 5, Budapest 21. 3, 3, Budapest 22. 4,0% 3, Budapest 23. 3, 2, greatest interest slightest interest Methodology: Our clients with purchasing aims indicate their preferences of districts (more at the same time) when meeting with our agents. The above preference map is put together based on this information. Data is assessed based on real estate sold by Duna House. Territorial distribution of transactions brokered by Duna House may differ from the territorial distribution of the market in whole. Duna House Holding carries out its real estate agency activities mainly in Budapest and major cities. Duna House Holding does not make corrections in relation of the territorial distribution of own and market transaction In Budapest, District 13 is the most popular among potential buyers, with nearly 1 of them indicating it as a target location. Nearly the same interest was seen toward District 14. This was followed by two Inner City districts, 5 and 6, and also two Buda districts, 2 and 11, indicated by around 1 of potential buyers. BARGAIN JUNE In June, as far as stand alone houses are concerned, a bargain was observed, while regionally it reached. In case of flats, buyers were able to lower the prices by, with only panels outside the capital showing a higher. In case of panel flats in Budapest, change in the listing price was 0%, meaning the sellers didn t have to lower their original listing prices to get buyers interested. CHANGE IN LISTING BARGAIN FAMILY HOME Budapest - - Pest County - - Regional - - PANEL Budapest 0% - Vidék - - BRICK Budapest - - Vidék - - TOTAL Budapest - - Vidék - - Methodology: Change in the listing price is the difference between the first price indicated by the seller and the last registered price at the time of the appearance of the buyer. Bargain shows additional changes in the price agreed upon by the seller and buyer. The two indicators together give a good picture of the difference in price between the original idea of the seller and the actual final price Based on purchase prices of the given period of properties brokered by Duna House. 12

13 JUNE 2017 DUNA HOUSE BAROMETER CLIENT PROFILE: BUYERS IN JUNE In June, the ratio of investment purpose property acquisitions remained high. 4 of buyers indicated it as the purpose of the transaction, valuing an average HUF 36.6 Million. One fifth of the buyers moved into a bigger property, next to which another one fifth bought their first home. AGE BP. STATUS BP. REASON OF PURCHASE BP Entrepreneur 3 Investments Employee Pensioner Manager Top manager Moving into biggers First Homea Moving into smallers Divorce s Separation of generations a Student Moving together of generations k AGE STATUS Student Top manager SITUATION Moving together of generations Separation of generations Manager Divorce Pensioner Moving into smaller Employee First Home Entrepreneur Moving into bigger Investment Outside the capital nearly one in every three buyers moved into a bigger property. They bought 106 properties for HUF 20.5 Million on average. 2 of buyers were investors, and the same ratio bought their first home. Both groups acquired flats, but while investors paid HUF 10.5 Million on average, those buying their first home paid HUF 12.7 Million. AGE REGIONAL STATUS REGIONAL REASON OF PURCHASE REGIONAL 60- Employee 5 Moving into bigger Entrepreneur Manager Pensioner Top Manager 20% 1 Investment First Home Moving into smaller Separation of generations Moving together of generations Student Divorce AGE STATUS SITUATION Student Divorce Top manager Pensioner Manager Moving together of generations Separation of generations Moving into smaller Entrepreneur First Home Employee Investment Moving into bigger Data presented above relating age, status and reason of purchase have been acquired through the volunteer declaration of our clients. They qualify as sampling and are regarded as estimated values. 13

14 CLIENT PROFILE: SELLERS IN JUNE 5 of sellers in Budapest indicated moving into a bigger property as the reason behind the transaction. They sold their 55 flats for HUF 24.4 Million on average. One in every five sellers is planning to move into a smaller place, so they sold their 90 flats for HUF 35.9 Million on average. AGE BP. STATUS BP. REASON OF SALE BP. 60- Entrepreneur 3 Moving into biggers Pensioner 2 Moving into smaller s 20% Employee Separation of generationsa Sale of inherited propertys Top manager Divorce s Manager Moving together of generations k AGE STATUS Top manager SITUATION Moving together of generations Manager Divorce Entrepreneur Pensioner Employee of buyers outside Budapest sold their inherited property, on HUF 10.5 Million average price. Also regionally, 2 of buyers would move into a bigger, and the same part into a smaller property. Sale of inherited property Separation of generations Moving into smaller Moving into bigger AGE REGIONAL STATUS REGIONAL REASON OF SALE REGIONAL 60-2 Employee 3 Sale of inherited propertys % Pensioner 2 Moving into biggers Moving into smallers Entrepreneur 2 Divorces Manager Top Manager Separation of generationsa Sold for prepayment reasonsa Moving together of generations k AGE STATUS Manager Top manager Employee SITUATION Moving together of generations Sold for prepayment reasons Separation of generations Pensioner Divorce Entrepreneur Moving into smaller Employee Moving into bigger Sale of inherited property Data presented above relating age, status and reason of purchase have been acquired through the volunteer declaration of our clients. They qualify as sampling and are regarded as estimated values. 14

15 JUNE 2017 DUNA HOUSE BAROMETER TRANSACTION PARAMETERS BUDAPEST When comparing the parameters of properties sold in the first six months of the year and those sold a year before, price increase can be detected. In Budapest, in Q1-2 of 2016, for example, only of the buyers paid more than HUF 600 thousand for a square meter, while this year is was 2. In the same price range, on the Pest side the ratio has doubled from. In Budapest, the most popular properties are still in the size range of m2, chosen by 3 of the buyers. BUDA Size ( ) PEST Size ( ) price (HUF thousand) price (HUF thousand) above 160 above 160 above 600 above 600 Price (HUF million) Price (HUF million) 3 above 40M above 40M Q Q1-2 Based on property sold by Duna House Franchise network. 15

16 TRANSACTION PARAMETERS REGIONAL The tendency of the more expensive price levels accounting for a bigger portion this year than earlier is -less impressively- also detected. Here, of the buyers paid more than HUF 300 thousand for a square meter last year, which is 1 at present. In Pest County, the ratio of the same price level grew from to 1. COUNTRYWIDE (EXCLUDING CENTRAL HUNGARY) Size ( ) PEST COUNTY Size ( ) % price (HUF thousand) price (HUF thousand) % Price (HUF million) Price (HUF million) % above 160 above 160 above 400 above 400 above 40M above 40M Q Q1-2 Based on property sold by Duna House Franchise network. 16

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