The four-quarter value had stood around 6-8pc of GDP, but started falling in the second half of 2024, parallel with a decline in the yield environment and a slowdown in wage growth, the Savings Report shows.

The pickup in household borrowing continued in 2025, surging at year-end with the rollout of a subsidised credit scheme for first-time home buyers.

The report notes a shift in the portfolio of households' financial assets towards higher-risk, higher-return assets, mainly investment fund units and shares, while growth of liquid assets slowed.

Households' holdings of retail government securities fell, as the earlier popular inflation-linked PMAP securities were repriced, but their indirect financing of the general government still increased through bigger purchases of products from other financial institutions.

Households' net financial wealth advanced 2pp close to 117p of GDP in 2025, supported in equal part by transactions and revaluations. Gross financial wealth rose to 139pc, while liabilities climbed to 22pc of GDP.

The report shows that 71pc of financial wealth is concentrated in the top decile of the population, while the bottom half of society owns just 5pc of financial wealth.

Households' non-financial assets climbed over 270pc of GDP, supported by home appreciation, bringing overall net wealth to nearly 390pc of GDP.

Liquid assets accounted for 51pc of total financial wealth at end-2025. Relative to GDP, liquid financial assets reached 70pc.

Households held HUF 13,400bn of domestic and HUF 3,000bn of foreign investment units at the end of 2025. Combined, the value of those investment fund units exceeded their HUF 13,700bn of holdings of government securities.

Households held listed shares worth close to HUF 4,000bn. Domestic shares accounted for 73pc of the value.

Households' financial assets denominated directly in foreign currency rose to nearly HUF 18,000bn, equivalent to almost 21pc of GDP.

Taking into account indirect holdings through investment funds and insurance and pension funds, the actual foreign currency exposure of households was estimated at close to one-fifth of total wealth.

Photo: Pixabay.com

Source: MTI – Hungary’s national news agency since 1881. While MTI articles are usually factual, some may contain political bias, and readers should be aware that such content does not reflect the position of XpatLoop, which is neutral and independent.

Since the goal of XpatLoop is to keep readers well briefed, right across the spectrum of opinions, MTI items are shared to ensure readers are aware of all narratives within the local media.

XpatLoop believes in empowering readers to form their own views through complete and comprehensive coverage. To facilitate this XpatLoop has a balanced range of news partners, as you can see when you surf around XpatLoop.com

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