• Borrowers Face Dire Impact of Rising Loan Rates in Hungary

    Borrowers Face Dire Impact of Rising Loan Rates in Hungary

    • 25 Apr 2022 11:49 AM

    Hungarian mortgage rates have surged in recent months due to rising inflation and the MNB’s subsequent monetary tightening, which means that the size of loans that borrowers can take out under the MNB debt cap rules has declined significantly in one year, Portfolio writes in an analysis.

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  • New International High-School Coming to Buda

    New International High-School Coming to Buda

    • 22 Apr 2022 2:15 PM

    A plan to build an international school in place of the former National Institute of Psychiatry and Neurology in Budapest has been declared a national economic priority investment by a government decree.

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  • Cheaper Real Estate Drying Up in Hungary

    Cheaper Real Estate Drying Up in Hungary

    • 22 Apr 2022 2:03 PM

    Some 16% of residential properties offered for sale nationwide were under HUF 25 million in mid-April this year, compared to 26% last year, according to profitline.hu.

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  • Rising Interest Rates Curb Demand for Homes in Hungary

    Rising Interest Rates Curb Demand for Homes in Hungary

    • 15 Apr 2022 5:41 PM

    Demand for homes in Hungary has "fallen significantly," mainly because of the increased cost of taking out a mortgage as interest rates rise amid climbing inflation, according to an analysis by listings site ingatlan.com.

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