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Young Hungarian adults won’t move from parents’ homes

Food

Less than one-fourth of young Hungarian adults think it’s a priority to move out of their parents’ home, a survey conducted by K&H Bank shows. About 61% of Hungarians between the ages of 19 and 29 live with their parents, according to the representative survey of city dwellers. 

About 40% of those who want to have their own home see renting as the most probable option. The same percentage believes buying the best possibility. Just 12% of the young adults surveyed plan to buy a home in the coming three years.

Only a minority of the young adults have savings, but those who do had an average of HUF 698,000 (roughly €2,300). The amount was higher in Budapest, around HUF 1.4 million, and lower in smaller cities, about HUF 375,000.

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