Housing loans amount to nearly 9% of GDP
Photo by Fabio Balbi / Shutterstock.com
Within loans to the household sector, housing loans accounted for almost 48%, the ratio of which to GDP increased from 8.4% at the end of the previous year to 8.9%, according to the latest summary report of the Central Statistical Office (KSH).
The housing loan portfolio in Hungary was HUF 4.259 trillion at the end of June, 6.4% higher than at the end of last year, but still slightly below the 2010 peak.
Unpaid installments due to the repayment moratorium and the fact that the closing of maturing loans was postponed played a role in expanding the housing loan portfolio.
ADVERTISEMENT
Alteo Invests HUF 5.5 bln in Energy Storage
Sport Now 'Strategic Sector' for Hungary - Minister
IWG Expands Footprint in Hungary With 2 New Locations
More Guest Nights y.o.y. for Year-end
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.
