112 result(s) for mortgage loan
Hungarian Minister Talks With Advocacy Groups Re Foreign Currency Loans
- 1 Aug 2013 7:00 AM
- property
Minister for National Economy Mihály Varga met with representatives of the Civil Összefogás Fórum-Civil Összefogás Közhasznú Alapítvány (Civic Forum-Civic Union Public Benefit Foundation) earlier today in order to come to a compromise and a satisfying, solidarity-based solution with regard to the issue of foreign currency debtors in general and that of foreign currency mortgages in particular, ...
Xpat Opinion: Hungary's OTP Chief Sándor Csányi’s Press Conference
- 26 Jul 2013 1:00 AM
- business
As Portfolio, the bilingual financial site, said today, “everybody was sitting on pins and needles” waiting for the cabinet decision on the fate of the loans issued in foreign currencies. However, it seems that the government wisely postponed the decision. So, for a while we will not know what kind of a solution the government will come up with.
Foreign Currency Denominated Mortgages For Home Purchases In Hungary Shall Be Phased Out
- 25 Jul 2013 9:00 AM
- property
The Minister for National Economy is about to start negotiations with credit- and financial institutions active in the field of domestic lending. Minister Varga said that in the opinion of the Government foreign currency denominated mortgages for home purchases need to be eliminated from the domestic lending market in a way which “takes into consideration the aspects of timing and burden-bearing”.
Xpat Opinion: Hungarian Banks Win Loan Court Case
- 9 Jul 2013 9:00 AM
- business
A conservative blogger believes that creditors who demand radical state action and even the annulation of their mortgage loan contracts echo the public culture of the pre-1989 era.
Hungary's PM: European Left Is Behind Approval Of Tavares Report
- 8 Jul 2013 11:00 AM
- current affairs
Prime Minister Viktor Orbán regards the approval of the report about the state of fundamental rights in Hungary submitted by rapporteur Rui Tavares as an operation of the European left, based partly on the idea that the Hungarian Fundamental Law is not a liberal constitution. He also noted on public Kossuth radio’s 180 minutes that the wage increase for teachers is a certainty.
Government Continues To Stand For The Protection Of Foreign Currency Debtors
- 1 Jul 2013 9:00 AM
- property
The European Commission notified Hungary already in December 2011 within an EU Pilot procedure which warns that the Government Decree stipulating that the monthly income of applicants of foreign currency loans shall exceed a sum equivalent of 15 times the amount of official minimum wage, and the income shall be received in the same currency in which the loan is denominated violates EU law.
Mortgage Aid Deadline Cancelled In Hungary
- 28 May 2013 9:00 AM
- property
The May 31 deadline for joining the government’s fixed-rate mortgage scheme was lifted by Parliament on Monday. In the relevant committee, the representative of the government disagreed with the idea of leaving the scheme open indefinitely and suggested a new deadline of July 1, 2017.
Hungarian Debtors Shy From Fixed-Rate Repayment
- 30 Nov 2012 8:00 AM
- property
The number of foreign-currency mortgage debtors joining the fixed-rate repayment scheme was 15,552 in October, the financial supervisory Pszáf has announced. The scheme allows debtors to temporarily fix loan repayments at a rate of Ft 180 to the Swiss franc, or Ft 250 to the euro, while the difference between the actual and fixed exchange rates would accumulate in an accrual account to be repaid ...
Xpat Opinion: Low Real Estate Supply In Hungary
- 14 Nov 2012 8:00 AM
- property
Less than 10,000 apartments will be built in Hungary by the end of this year, while there is an annual demand for over 40,000, according to the National Statistical Bureau. If the stock of apartments is not renewed at the healthy rate of 1% per annum, the aging of real estate and consequent quality issues are bound to accumulate.
Hungarian Minister Talks With Advocacy Groups Re Foreign Currency Loans
- 1 Aug 2013 7:00 AM
- property
Minister for National Economy Mihály Varga met with representatives of the Civil Összefogás Fórum-Civil Összefogás Közhasznú Alapítvány (Civic Forum-Civic Union Public Benefit Foundation) earlier today in order to come to a compromise and a satisfying, solidarity-based solution with regard to the issue of foreign currency debtors in general and that of foreign currency mortgages in particular, ...
Xpat Opinion: Hungary's OTP Chief Sándor Csányi’s Press Conference
- 26 Jul 2013 1:00 AM
- business
As Portfolio, the bilingual financial site, said today, “everybody was sitting on pins and needles” waiting for the cabinet decision on the fate of the loans issued in foreign currencies. However, it seems that the government wisely postponed the decision. So, for a while we will not know what kind of a solution the government will come up with.
Foreign Currency Denominated Mortgages For Home Purchases In Hungary Shall Be Phased Out
- 25 Jul 2013 9:00 AM
- property
The Minister for National Economy is about to start negotiations with credit- and financial institutions active in the field of domestic lending. Minister Varga said that in the opinion of the Government foreign currency denominated mortgages for home purchases need to be eliminated from the domestic lending market in a way which “takes into consideration the aspects of timing and burden-bearing”.
Xpat Opinion: Hungarian Banks Win Loan Court Case
- 9 Jul 2013 9:00 AM
- business
A conservative blogger believes that creditors who demand radical state action and even the annulation of their mortgage loan contracts echo the public culture of the pre-1989 era.
Hungary's PM: European Left Is Behind Approval Of Tavares Report
- 8 Jul 2013 11:00 AM
- current affairs
Prime Minister Viktor Orbán regards the approval of the report about the state of fundamental rights in Hungary submitted by rapporteur Rui Tavares as an operation of the European left, based partly on the idea that the Hungarian Fundamental Law is not a liberal constitution. He also noted on public Kossuth radio’s 180 minutes that the wage increase for teachers is a certainty.
Government Continues To Stand For The Protection Of Foreign Currency Debtors
- 1 Jul 2013 9:00 AM
- property
The European Commission notified Hungary already in December 2011 within an EU Pilot procedure which warns that the Government Decree stipulating that the monthly income of applicants of foreign currency loans shall exceed a sum equivalent of 15 times the amount of official minimum wage, and the income shall be received in the same currency in which the loan is denominated violates EU law.
Mortgage Aid Deadline Cancelled In Hungary
- 28 May 2013 9:00 AM
- property
The May 31 deadline for joining the government’s fixed-rate mortgage scheme was lifted by Parliament on Monday. In the relevant committee, the representative of the government disagreed with the idea of leaving the scheme open indefinitely and suggested a new deadline of July 1, 2017.
Hungarian Debtors Shy From Fixed-Rate Repayment
- 30 Nov 2012 8:00 AM
- property
The number of foreign-currency mortgage debtors joining the fixed-rate repayment scheme was 15,552 in October, the financial supervisory Pszáf has announced. The scheme allows debtors to temporarily fix loan repayments at a rate of Ft 180 to the Swiss franc, or Ft 250 to the euro, while the difference between the actual and fixed exchange rates would accumulate in an accrual account to be repaid ...
Xpat Opinion: Low Real Estate Supply In Hungary
- 14 Nov 2012 8:00 AM
- property
Less than 10,000 apartments will be built in Hungary by the end of this year, while there is an annual demand for over 40,000, according to the National Statistical Bureau. If the stock of apartments is not renewed at the healthy rate of 1% per annum, the aging of real estate and consequent quality issues are bound to accumulate.