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Hungarian mortgage borrowers in hot water

Apr 1, 2022

The Hungarian central bank’s tightening cycle, the most aggressive in the European Union, has led to an increase in loan repayment obligations last seen in the 2008 financial crisis. Once the government’s interest rate stop on retail loans runs out at the end of June, hundreds of thousands of Hungarian families will experience a jump […]

Record amount of financial borrowing in 2021 in Hungary

Jan 21, 2022

Hungarians most probably borrowed a record amount of money from banks last year, with credit driven by historically low interest rates and a spike in real estate prices. The volume of new housing loans jumped a spectacular 40% from a year earlier, driving household borrowing to historic highs. According to central bank data for the […]

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