Monday, Mar 26, 2012

Housing troubles in Hungary

Bloomberg: Hungarian Market Collapses

“I thought it’d be sold in the blink of an eye,” the 47- year-old geography teacher said. “I can see now how naïve I was. It feels like a cruel joke by fate.” Real-estate transactions fell to 90,000 in 2011 from 270,000 at the market’s peak in 2003. (-66%) What HPC?

Posted by will @ 10:39 AM (775 views) Add Comment

2 Comments

1. general congreve said...

What has this got to do with a UK HPC? Just kidding.

Monday, March 26, 2012 11:15AM Report Comment
 

2. will said...

I wonder if the teacher's pay has risen in line with inflation? I somehow doubt it.

Monday, March 26, 2012 11:19AM Report Comment
 

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