Home loan outlays reached HUF 605 bln in 2017
Home loan outlays in some 105,000 loan contracts reached HUF 605 billion in 2017, a summary of data published by the Central Statistical Office (KSH) shows. The number of contracts rose by 23% and outlays by 33% compared to 2016.
Last year a total of 96,000 home loan contracts were approved to the value of HUF 642 bln. At the end of 2017, the home loan portfolio of financial institutions stood at HUF 3,015 bln, up 3.5% annually, state news wire MTI reported.
Banks held 57% of the total portfolio, mortgage institutions 28%, and home savings banks 12%.
The number of those taking advantage of the home purchase subsidy scheme for families with children, known by its Hungarian acronym CSOK, was 29,104 in 2017, up from 20,755 in 2016.
Credit institutions disbursed HUF 70.1 bln in home purchase subsidies last year, 48% more than in 2016. Some 65% of the subsidies went towards purchasing a new home.
ADVERTISEMENT
Mapei Targets 6% Higher Revenue This Year
Parliament Negates Mandatory Membership in MOK
Magyar Suzuki to Start Dual Training Courses
Budapest Leaders Unveil Plans to Scale Back Traffic on Thoro...
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.
