Value of disbursed housing loans in Hungary 2010-2023

The value of disbursed housing loans grew year over year in Hungary during the observed period. In 2023, this figure totaled over 639 million forints representing a decrease  compared to the previous years. In 2023, the average value of disbursed home loans amounted to 11.5 million forints, which was the highest figure recorded over the observed fourteen-year period. 

Financing of home purchases

According to the findings of a survey conducted in September 2021, almost two percent of Hungarian respondents planned to purchase a used house over the upcoming 12 months, while 1.5 percent of the respondents intended to buy a used apartment. Of the respondents intending to purchase residential property, 40 percent planned on taking a housing loan while another 57 percent of relied on their own income and the price of their current home.

Mortgage lending

Total outstanding residential mortgage lending decreased in Hungary over the past years, reaching 14.9 million forints in the first quarter of 2023. At the same time, mortgage interest rates totaled 8.98 percent, marking a significant increase compared to the previous quarters.