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                <title>Is Hungary&#39;s Property Boom starting to slow down?</title>
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                <pubDate>2017-09-25T09:00:00</pubDate>
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                <description><![CDATA[Following an almost meteoric rise of property sales and house prices over the last two years, Hungary may see a slowdown of both this year. 

Hungary&#39;s capital Budapest is always the benchmark for what&#39;s going on in the housing market as a whole. In 2015, mortgage lending for resale homes increased by an amazing 36.% and permits for new builds increased by 38.8% in a year-on-year comparison during Q1 of 2016. According to figures collated by the Hungarian Central Statistical Office (KSH), the average price of both resale and new properties in Budapest rose by 15.53% year-on-year in Q4 of 2015, a stunning turn-around for a property market that all but collapsed in the wake of the 2008 world-wide economic crisis.]]></description>
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