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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.

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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.

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