HUF 128.2 bln in Home Loans Contracts Signed in June
Image by Shutterstock.com
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.
Hungary Gasoline Prices 3% Over Regional Avg
Hungary to Address Future of Cohesion Policy During EU Presi...
Cordia’s Marina City Project Begins
Budapest Airport Wins 'Best Airport in Eastern Europe' for 1...
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.
