NET buys 1,761 foreclosed homes in Q3

Analysis

Hungaryʼs National Asset Management Agency (NET), established to buy homes on which lenders have foreclosed and enable borrowers to continue to reside as tenants, made 1,761 purchases in the third quarter, according to data released by the National Bank of Hungary (MNB), Hungarian news agency MTI reported on Friday.

The purchases accounted for 73% of all foreclosed homes that borrowers and financial institutions sold during the period.

From late 2011 until the end of 2014, limits were placed on the number of foreclosed homes banks could sell to avoid a disruption on the market.

ADVERTISEMENT

Farm, food industry confidence improves slightly in Q2 Analysis

Farm, food industry confidence improves slightly in Q2

Meeting called to address Pegasus spyware lacks quorum  Parliament

Meeting called to address Pegasus spyware lacks quorum 

Skanska commercial dev unit names new EVP of operations Hung... Appointments

Skanska commercial dev unit names new EVP of operations Hung...

Zsa Zsa Gabor's ashes buried in Budapest City

Zsa Zsa Gabor's ashes buried in Budapest

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.