Hungary Leasing Market Records Double-digit Expansion in 2022

Banking

Image by Shutterstock.com

New lease contract value rose 18% to HUF 859 billion in Hungary last year, Hungarian Leasing Association board member Katalin Nyikos said on Tuesday, according to a report by state news wire MTI.

Adjusted for the impact of a single big property lease, contract value increased 12%, Nyikos said. The number of contracts fell 14% as asset prices rose, she added. 

SMEs accounted for 64% of leasing company clients, while big companies made up 19% and retail clients 8%.

The value of state-subsidized leases came to HUF 203 billion.

László Kőszegi, secretary general of the association, said leasing companies expect lease volume to stagnate or grow "slightly" this year, while contract numbers remain flat.

Hungary Aims to Double Geothermal Utilization by 2030 Green Energy

Hungary Aims to Double Geothermal Utilization by 2030

Bulgaria's Household Income, Spending Rise 20% in 2023 World

Bulgaria's Household Income, Spending Rise 20% in 2023

Budapest Airport Building on ‘Strong Employer Brand’ and ‘Vi... HR

Budapest Airport Building on ‘Strong Employer Brand’ and ‘Vi...

Silvanus Hotel Under Reconstruction, Will Reopen in Fall Hotels

Silvanus Hotel Under Reconstruction, Will Reopen in Fall

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.