Hungary: Housing-loan popularity declines

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The stock of new state-subsidized housing loans grew to Ft 31.9 billion ($167 million) by the end of H1 this year, according to the Housing Loan Monitor survey of market research institute DEM.

That is one-third of the peak level back in 2004. A year before this figure was Ft 38.3 billion. In the H1, 6,214 people took subsidized housing loans; the average amount of loan per contract decreased from Ft 6.2 million to Ft 5.1 million ($32.469 to $26711). The stock of total housing loans decreased to Ft 245.3 billion from Ft 263.9 billion ($1.28 billion to $1.38 billion) of the same period in 2006. (Gazdasági Rádió)

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