Central bank unveils never-before-seen figures
A developer warns of a drastic decline in the number of apartments
The major banks are not yet prepared to finance condominium construction rights
Number of transactions up m/m, down yr/yr in December
The average amount is HUF 34 million, and the average age is 34 years
According to credit intermediaries, the market may be more balanced next year
But it's not all plain sailing: behind the records lies a pile-up of loans
The number of housing transactions fell 15.7% yr/yr in November
But will the banks be willing to lend for these?
Government may include other properties on the outskirts in preferential loan scheme
Programme fares well in rural Hungary too
Two-thirds of borrowers have a college degree and earn more than HUF 500,000.
According to CIB Bank survey
Measure has cost banks almost HUF 500 billion since 2022
Hungarians' credit debt has crossed a magical threshold
De minimis limit for mortgage loan stock to be increased to HUF 100 bn from HUF 40 bn
Share of first-time homebuyers jumpst to 30-40 percent in Budapest
The land registries cannot keep up
Duna House data shows first-time homebuyers accounted for nearly 40% of the market
Siblings and those living in municipal housing can also rejoice