Average Hungarian Household Has Net Assets Of HUF 27 Million

  • 10 Apr 2019 6:26 AM
  • Hungary Matters
Average Hungarian Household Has Net Assets Of HUF 27 Million
The net assets of an average Hungarian household stood at 27 million forints (EUR 84,000) at the end of 2017, up 48% from 2014, the National Bank of Hungary said in a study of survey results.

The median value of net household assets reached 12 million, up 39%.

The study shows the rate of home ownership in 2017 was over 80% in all but the lowest two deciles of households, where it fell to 63% and 28%, respectively.

The home ownership rate for all households was 84%.

Car ownership, which averaged 54% for all households, reached 82% in the top decile and was 30% in the lowest.

The rate of households with home loans was 17% on average, level with the rate in the top decile.

About 45% of households in the top decile reside in Budapest.

The wealthiest 1% of Hungarian households held just over one-quarter of all net household assets.

The wealthiest 10% held more than 56% of the total.

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