• Home
• Channel: Property
• 32% Of Young Hungarians Want To Leave Parentsʼ Home ASAP

32% Of Young Hungarians Want To Leave Parentsʼ Home ASAP

• 25 Sep 2020 9:30 AM
• Budapest Business Journal

While 32% of young people would move out of their parentsʼ house as soon as possible, the majority, 58%, are planning to leave, but say it is currently not their highest priority, K&H Bank said in a statement on youth housing plans, according to Világgazdaság.

Nearly one-fifth of 19-29 year olds want to buy an apartment within three years, 74% saying they would do so with a home loan.

Under the conditions in force in mid-August, young people concerned would have to pay HUF 65,000 a month for a 20-year HUF 10 million housing loan.

Nearly half of the 19-29 age group, currently live with their parents.

Among those eager to leave as soon as possible, 52% would go to rent, 37% plan to buy their own home, and 5% would move to a partner or other family member.

• How does this content make you feel?
• I love it
• I like it
• I dislike it

• Young People Move Home

XpatLoop Media Partner

Budapest Business Journal

Hungary's largest and oldest source of business and financial news in English. Since 1992 it has presented essential information on Hungarian business life, including international analyses about the country. These days the BBJ newspaper is published every other week, while it releases daily business news online including premium paid content.

Explore More Reports

Updated: Several Residents Evicted to Make Way for Mini-Dubai Project in Budapest's 14th District

• 21 Mar 2024 5:14 AM

Several families living in the 14th District have been told to leave their homes within 30 days as the area is required for the mini-Dubai urban development project.



Dispute at Largest Real Estate Development Project in Budapest Leaves Condo Owners Homeless

• 7 Mar 2024 6:31 AM

Some 1,500 people who purchased condominium units in the largest real estate development project in Budapest have been unable to move in due to a dispute between the developer, the D&B real estate group, and construction company KÉSZ Építő.



Hungarian Housing Market Recovered in February

• 5 Mar 2024 3:51 PM

Offers on the residential real estate market for sale increased in monthly and annual comparisons in February, while demand also increased significantly, ingatlan.com reported on Friday based on its own data.



Rebuilt Ruin in Buda Castle to Become New Home of Hungarian Military History Museum

• 14 Nov 2023 12:32 PM

The Military History Institute and Museum will be housed in the former armed forces headquarters building on Dísz tér at the main entrance to Buda Castle, the Defence Ministry announced.