Hungarian Market Deadlocked as Buyers Elude Sellers

Hungarian Market Deadlocked as Buyers Elude Sellers

Balint Porneczi/Bloomberg

The number of new residential properties sank 40 percent in 2011 to the lowest since the state statistics office began gathering data in 1930, worse than a slump between the two World Wars and during the beginning of the Communist era of the 1940s and 1950s, said state statistician Erika Csetenyi.