Young People Primarily Buying Second-hand Homes

Residential

Photo by Andy Dean Photography / Shutterstock.com

Second-hand homes, which are 20% cheaper than the national average price, are the favorite among the youngest age group present on the real estate market, according to the sales data of Otthon Centrum.

It turns out that people under 30 are not taking advantage of family support opportunities to the greatest extent, and among them, the proportion of people buying new apartments has not even reached 8%, thde report reveals.

Among the customers in their twenties, many of them pay their own funds with the help of their parents and relatives, and the family also helps many with loan repayments.

Hungary Gasoline Prices 3% Over Regional Avg Energy Trade

Hungary Gasoline Prices 3% Over Regional Avg

Gov't Wants Sustainable Business Model for Magyar Posta Government

Gov't Wants Sustainable Business Model for Magyar Posta

120,000 Guest Workers Employed in Hungary HR

120,000 Guest Workers Employed in Hungary

Gastrotourism Alive and Well in Hungary Tourism

Gastrotourism Alive and Well in Hungary

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.