(AFX UK Focus) 2007-08-23 13:08 GMT: Hungary"s Ecostat property market index rises in Q2

(AFX UK Focus) 2007-08-23 13:08 GMT: Hungary"s Ecostat property market index rises in Q2.
BUDAPEST (Thomson Financial) - Ecostat"s Real Estate Barometer, a measure of sentiment on Hungary"s property market, rose 4.6 percentage points to 47.1 percentage points in the second quarter of 2007 after falling in the first quarter, research group Ecostat. The index reached its highest point since the fourth quarter 2005, when it stood at 48 percentage points, said Ecostat director Pal Belyo. He attributed the increase to better-than-expected home building figures, but added that it is still unclear whether this shows a trend. The index should reach 50 percentage points, which shows balanced supply and demand on the market. tfn.newsdesk@thomson.com cm2/rfw COPYRIGHT Copyright AFX News Limited 2007. All rights reserved. The copying, republication or redistribution of AFX News Content, including by framing or similar means, is expressly prohibited without the prior written consent of AFX News.