43 result(s) for mortgage loan in Property
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 State To Buy And Lease Back 25,000 Homes
- 28 Jun 2012 9:00 AM
- property
The state asset manager MNV expects to buy 8,000 homes from troubled mortgage debtors this year, 7,000 next year and 10,000 in 2014, according to a decree published in the official gazette Magyar Közlöny.
Property Fair In Hungary Faces Up To Hard Times
- 8 Mar 2012 12:00 AM
- property
"Property market participants called for more government action to stimulate the stalled residential market, before the opening of the annual Property Fair at the Hungexpo exhibition centre. The government needs to raise interest subsidies on home loans to 4-5% from 3% and introduce a new non-refundable scheme for renovations or for the purchase of existing homes, said Gergely Karoly, chairman ...
Glut Of Unsold Homes Declines In Budapest
- 17 Feb 2012 8:06 AM
- property
"The number of unsold homes in Budapest fell to 3,100 in January from a peak of 3,800 in 2009, according to OTP mortgage subsidiary OTP Jelzálogbank. This year home builders expect to break ground on 2,000 new units, after 2,500 homes were built last year.
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 State To Buy And Lease Back 25,000 Homes
- 28 Jun 2012 9:00 AM
- property
The state asset manager MNV expects to buy 8,000 homes from troubled mortgage debtors this year, 7,000 next year and 10,000 in 2014, according to a decree published in the official gazette Magyar Közlöny.
Property Fair In Hungary Faces Up To Hard Times
- 8 Mar 2012 12:00 AM
- property
"Property market participants called for more government action to stimulate the stalled residential market, before the opening of the annual Property Fair at the Hungexpo exhibition centre. The government needs to raise interest subsidies on home loans to 4-5% from 3% and introduce a new non-refundable scheme for renovations or for the purchase of existing homes, said Gergely Karoly, chairman ...
Glut Of Unsold Homes Declines In Budapest
- 17 Feb 2012 8:06 AM
- property
"The number of unsold homes in Budapest fell to 3,100 in January from a peak of 3,800 in 2009, according to OTP mortgage subsidiary OTP Jelzálogbank. This year home builders expect to break ground on 2,000 new units, after 2,500 homes were built last year.