Surprising Number of Hungarians Plan to Buy a Home This Year
- 29 May 2025 3:29 PM
11 percent of the total population plans to buy a home this year, 10 percent of those preparing to buy real estate plan to use their previous retirement savings to buy a property.
8 percent will use their money held in maturing government securities for this purpose, CIB Bank told MTI on Wednesday, based on its latest representative survey.
According to the new survey, three-quarters of those planning to buy have cash and their own resources for the purchase, and state subsidies - such as village CSOK and babysitting - help almost a fifth of them with financing.
The responses show that 40 percent of them plan exclusively with their own resources, 13 percent would involve both their own resources and a loan, while 9 percent would use all three options - savings, loans and state support - they explained.
For two-thirds of those planning to take out a loan for a real estate purchase, the interest rate, as well as the amount and type of one-off, initial fees and costs incurred upon taking out a loan, are the most important criteria when selecting a loan product.
Only 5 percent of those who insist on taking out a home loan with their bank, most are ready to change banks or open a new account if the interest rates and costs are better there, they write.
They also mentioned that half of those who were not planning to buy a property indicated that they did not need another one, but the same number answered that they could not afford it.
Source:
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