The total amount of outstanding residential mortgage lending in Hungary decreased overall during the period under observation, falling to a value of approximately 15.2 billion euros as of the second quarter of 2023. The largest amount of outstanding residential mortgage lending during this period was found in the second quarter of 2014, when a value of almost 18 billion euros of residential mortgage lending was recorded.

Among the factors that influence mortgage interest rates are inflation, economic growth, monetary policies, the bond market, the stability of lenders, and the overall conditions of the housing market. It can be seen that the mortgage interest rate in Hungary decreased overall with some fluctuation until the last quarter of 2021. Following an increase, it reached a value of 8.87 percent as of the second quarter of 2023. This was part of an overall trend of increasing mortgage interest rates in Europe.

Mortgage credit interest rate, percent in Hungary, December, 2024 The most recent value is 5.61 percent as of December 2024, a decline compared to the previous value of 5.63 percent. Historically, the average for Hungary from January 2000 to December 2024 is 9.28 percent. The minimum of 4.36 percent was recorded in January 2018, while the maximum of 22.44 percent was reached in January 2000. | TheGlobalEconomy.com

Hungary - Overcrowding rate: Owner, with mortgage or loan was 12.60% in December of 2024, according to the EUROSTAT. Trading Economics provides the current actual value, an historical data chart and related indicators for Hungary - Overcrowding rate: Owner, with mortgage or loan - last updated from the EUROSTAT on March of 2025. Historically, Hungary - Overcrowding rate: Owner, with mortgage or loan reached a record high of 52.80% in December of 2012 and a record low of 11.40% in December of 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.

Hungary Consumer Loans: Households: Mortgage: Over 1 Year Original Maturity: Over 5 Years: Others data was reported at 4.095 HUF bn in Oct 2018. This records a decrease from the previous number of 4.386 HUF bn for Sep 2018. Hungary Consumer Loans: Households: Mortgage: Over 1 Year Original Maturity: Over 5 Years: Others data is updated monthly, averaging 1,347.801 HUF bn from Jan 2005 (Median) to Oct 2018, with 166 observations. The data reached an all-time high of 2,187.673 HUF bn in Aug 2010 and a record low of 4.095 HUF bn in Oct 2018. Hungary Consumer Loans: Households: Mortgage: Over 1 Year Original Maturity: Over 5 Years: Others data remains active status in CEIC and is reported by National Bank of Hungary. The data is categorized under Global Database’s Hungary – Table HU.KB012: Loans: by Type: Consumer: Mortgage.

This statistic illustrates the average value of mortgage loans granted in Hungary from 2011 to 2017. Overall, the average value of mortgage loans granted increased from approximately 16.4 thousand euros in 2011 to nearly 21.7 thousand euros in 2017. The smallest average value of mortgage loans granted was seen in 2013 when the average loan amounted to under 14 thousand euros.

Hungary Interest Rate: OT: Avg: HH: CL: Mortgage: Over 1 Year: Over 5 Years data was reported at 4.562 % pa in Sep 2018. This records an increase from the previous number of 4.533 % pa for Aug 2018. Hungary Interest Rate: OT: Avg: HH: CL: Mortgage: Over 1 Year: Over 5 Years data is updated monthly, averaging 11.170 % pa from Jan 2005 (Median) to Sep 2018, with 165 observations. The data reached an all-time high of 18.766 % pa in Jan 2005 and a record low of 4.120 % pa in Apr 2017. Hungary Interest Rate: OT: Avg: HH: CL: Mortgage: Over 1 Year: Over 5 Years data remains active status in CEIC and is reported by National Bank of Hungary. The data is categorized under Global Database’s Hungary – Table HU.M005: Interest Rate: Households: Outstanding.

In Hungary, the annual average interest rate of new residential loans followed a decreasing trend until 2021, when it reached its lowest value at 4.43 percent. However, figures increased over the following years, totaling 9.2 percent in 2023.

Hungary Consumer Loans: Households: Mortgage: Over 1 Year Original Maturity: Over 5 Years data was reported at 995.790 HUF bn in Oct 2018. This records an increase from the previous number of 995.562 HUF bn for Sep 2018. Hungary Consumer Loans: Households: Mortgage: Over 1 Year Original Maturity: Over 5 Years data is updated monthly, averaging 1,704.022 HUF bn from Jan 2005 (Median) to Oct 2018, with 166 observations. The data reached an all-time high of 2,628.936 HUF bn in Nov 2011 and a record low of 168.445 HUF bn in Jan 2005. Hungary Consumer Loans: Households: Mortgage: Over 1 Year Original Maturity: Over 5 Years data remains active status in CEIC and is reported by National Bank of Hungary. The data is categorized under Global Database’s Hungary – Table HU.KB012: Loans: by Type: Consumer: Mortgage.

The amount of gross residential mortgage lending in Hungary fluctuated between the second quarter of 2014 and the second quarter of 2023. The gross residential mortgage lending amounted to 481 million euros in the second quarter of 2023 after an increase of a 100 million euros from the previous quarter.

Hungary Consumer Loans: NB: Households: Mortgage: Over 1 Year: Over 5 Years data was reported at 1.353 HUF bn in May 2018. This records an increase from the previous number of 1.200 HUF bn for Apr 2018. Hungary Consumer Loans: NB: Households: Mortgage: Over 1 Year: Over 5 Years data is updated monthly, averaging 0.698 HUF bn from Apr 2005 to May 2018, with 41 observations. The data reached an all-time high of 1.353 HUF bn in May 2018 and a record low of 0.005 HUF bn in Jul 2005. Hungary Consumer Loans: NB: Households: Mortgage: Over 1 Year: Over 5 Years data remains active status in CEIC and is reported by National Bank of Hungary. The data is categorized under Global Database’s Hungary – Table HU.KB010: Loans: by Type: Consumer.

Mortgage credit interest rate, percent in Hongrie, décembre, 2024 Pour cet indicateur, Central Bank of Hungary fournit des données pour la Hongrie de janvier 2000 à décembre 2024. La valeur moyenne pour Hongrie pendant cette période était de 9.28 pour cent avec un minimum de 4.36 pour cent en janvier 2018 et un maximum de 22.44 pour cent en janvier 2000. | TheGlobalEconomy.com

Hungary Consumer Loans: CHF: OA: Households: Mortgage: Over 1 Year: Over 5 Years data was reported at 2.470 HUF bn in May 2018. This records a decrease from the previous number of 2.489 HUF bn for Apr 2018. Hungary Consumer Loans: CHF: OA: Households: Mortgage: Over 1 Year: Over 5 Years data is updated monthly, averaging 1,238.183 HUF bn from Jan 2005 (Median) to May 2018, with 161 observations. The data reached an all-time high of 2,029.026 HUF bn in Mar 2009 and a record low of 2.325 HUF bn in Jan 2018. Hungary Consumer Loans: CHF: OA: Households: Mortgage: Over 1 Year: Over 5 Years data remains active status in CEIC and is reported by National Bank of Hungary. The data is categorized under Global Database’s Hungary – Table HU.KB011: Loans: by Type: Consumer: CHF.

The average mortgage interest rate decreased in nearly every country in Europe between 2012 and 2021, followed by an increase in response to inflation. In Hungary, Poland, Czechia, and Romania, mortgage rates peaked in late 2022 and the beginning of 2023, followed by a gradual decline until the first quarter of 2024. The rest of the countries under observation, including the biggest mortgage markets - the UK and Germany, saw a continued increase in interest rates until the fourth quarter of 2023. In the first quarter of 2024, mortgage interest rates declined quarter-on-quarter across almost all markets in focus, marking a long awaited easing of monetary policy.

Hungary Interest Rate: NB: Avg: HH: CL: Mortgage: Over 1 Year: Over 5 Years data was reported at 7.181 % pa in Sep 2018. This records an increase from the previous number of 7.091 % pa for Aug 2018. Hungary Interest Rate: NB: Avg: HH: CL: Mortgage: Over 1 Year: Over 5 Years data is updated monthly, averaging 7.893 % pa from Apr 2005 (Median) to Sep 2018, with 45 observations. The data reached an all-time high of 14.831 % pa in Jun 2005 and a record low of 6.508 % pa in Jan 2016. Hungary Interest Rate: NB: Avg: HH: CL: Mortgage: Over 1 Year: Over 5 Years data remains active status in CEIC and is reported by National Bank of Hungary. The data is categorized under Global Database’s Hungary – Table HU.M004: Interest Rate: Households: New Business.

Greece, Cyprus, and Hungary were the countries with the highest share of non-performing mortgage loans in the second quarter of 2023. In Greece, 8.6 percent of the gross carrying amount of mortgage loans to households was considered non-performing. In Spain, which was the country with the highest value of non-performing mortgages, this share was 2.6 percent.

Hungary Consumer Loans: Households: Mortgage: Up to 1 Year Original Maturity: Others data was reported at 0.000 HUF bn in May 2018. This records an increase from the previous number of 0.000 HUF bn for Apr 2018. Hungary Consumer Loans: Households: Mortgage: Up to 1 Year Original Maturity: Others data is updated monthly, averaging 1.619 HUF bn from Jan 2005 (Median) to May 2018, with 161 observations. The data reached an all-time high of 7.408 HUF bn in Oct 2008 and a record low of 0.000 HUF bn in Apr 2018. Hungary Consumer Loans: Households: Mortgage: Up to 1 Year Original Maturity: Others data remains active status in CEIC and is reported by National Bank of Hungary. The data is categorized under Global Database’s Hungary – Table HU.KB012: Loans: by Type: Consumer: Mortgage.

Hungary Turnover: BSE: Cash Market: EUR: Mortgage Bonds data was reported at 314.306 EUR in Oct 2018. This records a decrease from the previous number of 4,811,872.106 EUR for Sep 2018. Hungary Turnover: BSE: Cash Market: EUR: Mortgage Bonds data is updated monthly, averaging 1,144,106.408 EUR from Apr 2003 (Median) to Oct 2018, with 187 observations. The data reached an all-time high of 143,400,000.000 EUR in Nov 2004 and a record low of 314.306 EUR in Oct 2018. Hungary Turnover: BSE: Cash Market: EUR: Mortgage Bonds data remains active status in CEIC and is reported by Budapest Stock Exchange. The data is categorized under Global Database’s Hungary – Table HU.Z002: Budapest Stock Exchange: Cash Market: Turnover and No of Transactions.

In 2023, the average mortgage rates in European countries varied from 2.6 percent in Bulgaria to over eight percent in Hungary. The mortgage rate for a home purchase is decided depending on the individual situation of the homebuyer, their credit history, and income, but they also follow macro determinants including the base lending rate, inflation, economic growth, and the health of the housing market. Starts, completions and prices The supply of new housing varies in different countries in Europe. In 2023, the number of new housing units completed per 1,000 citizens was between 0.8 and seven, with this number varying greatly in different countries. Ireland and Poland were among the countries with most completed housing units. When it comes to housing starts, Ireland tops the ranking. The average transaction price of a new dwelling in 2023 ranged anywhere from roughly 1,300 euros per square meter to under 5,000 euros per square meter. Housing stock As the most populous country in Europe, Germany has the largest housing stock. Comparing the number of housing units per 1,000 citizens is an easy way to identify housing shortages. In Greece and the UK, for example, the number of dwellings per 1,000 citizens measured less than 400, compared to Bulgaria and Spain, where it was around 600.