According to the financial portal, with the estimated figures from June, some HUF 648 bln were taken out in the first six months of this year; the figure for the whole of 2023 was HUF 595 billion.
The reason for this year's strong growth is that the domestic home loan market dropped significantly last year.
By the beginning of 2024, interest rates on home loans were 2.5-3.5% lower compared to the typical level at the beginning of 2023, which is 17-23% in the monthly installments of newly taken-out loans.
Producing journalism that is worthy of the name is a costly business. For over 30 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.
