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DUNA HOUSE FRANCHISE COMMISSIONS REVENUE FALLS 26% IN Q4

 

Commissions revenue of listed real estate broker Duna House’s franchise network fell by an annual 26% to 2.8 billion forints (EUR 7.06m) in the fourth quarter, the company said in a preliminary report. Commissions volume in Hungary dropped 30% to 1.8 billion forints as interest rates climbed and purchasing power fell, Duna House said. In Poland, commissions volume declined by 24% to 700 million forints. Commissions revenue of Duna House’s recently acquired Realizza brand in Italy reached 100 million forints. Commissions revenue of Duna House’s own offices slipped 24% to 400 million forints. Brokered loan volume of the group jumped 51% to 192 billion forints, boosted by the Italian acquisition. Brokered loan volume reached 141 billion forints in Italy, 33 billion forints in Poland and 18 billion forints in Hungary.