HUF 128.2 bln in Home Loans Contracts Signed in June

Banking

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Hungarian banks signed home loan contracts worth HUF 128.2 billion in June, down 6% from the same month a year earlier and 17% less than in May, according to data released by the National Bank of Hungary (MNB).

In June, HUF 78.2 bln of loans went towards purchasing resale homes and HUF 22.3 bln was used for buying newly built ones. Home constructions accounted for HUF 15.1 bln of loan outlays. 

Monthly home loan outlays have peaked at HUF 154 bln in May and have been above HUF 100 bln every month since March 2021.

The share of home loans with a rate fixed for a period of longer than one year was at 99.4% in June. 

The APR for home loans stood at 6.35% in June, up from 5.10% in May and up from 4.05% in the same month a year earlier.

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