Mortgage loan outlays could reach HUF 1-1.2 tln in 2021

Residential

Mortgage loan outlays in Hungary could reach HUF 1-1.2 trillion this year, according to listed real estate broker Duna House, writes napi.hu. 

Mortgage loan outlays came to HUF 928 billion in 2020. Duna House said the mortgage loan market was up 34% in the first half from a year earlier, with mortgage loan outlays exceeding HUF 364 bln in the second quarter, almost double their level in Q2 2020. 

In June alone, outlays exceeded HUF 136 bln, Duna House said, citing figures from the National Bank of Hungary. The company noted that the second half of the year tends to bring stronger figures and the market is supported by both intensive demand related to the home creation subsidies and the projected increase in home sales transactions in the autumn. 

Based on transactions brokered by Duna House, clients requested housing loans of HUF 17.8 million on average, typically in facilities with long interest periods. The average loan amount in Budapest was more than HUF 20 mln compared to HUF 10-15 mln in other parts of the country.

Hungary Account Deficit at EUR 561 mln in Q4 Debt

Hungary Account Deficit at EUR 561 mln in Q4

Moldovan Pensions to be Increased as of April 1 World

Moldovan Pensions to be Increased as of April 1

Schoenherr Names Miklós Klenanc as Head of Local M&A Practic... Appointments

Schoenherr Names Miklós Klenanc as Head of Local M&A Practic...

Hungarian Wine Marketing Agency to Host Summit Drinks

Hungarian Wine Marketing Agency to Host Summit

SUPPORT THE BUDAPEST BUSINESS JOURNAL

Producing journalism that is worthy of the name is a costly business. For 27 years, the publishers, editors and reporters of the Budapest Business Journal have striven to bring you business news that works, information that you can trust, that is factual, accurate and presented without fear or favor.
Newspaper organizations across the globe have struggled to find a business model that allows them to continue to excel, without compromising their ability to perform. Most recently, some have experimented with the idea of involving their most important stakeholders, their readers.
We would like to offer that same opportunity to our readers. We would like to invite you to help us deliver the quality business journalism you require. Hit our Support the BBJ button and you can choose the how much and how often you send us your contributions.