Floating rate mortgages represent 46% of all mortgages contracted, which according to the financial expert is very high risk for the contractor.
Compared to 2016, the new housing market grew significantly in 2017, with contracts increasing by HUF 650 billion in 12 months, an increase of 39%. This was expected, according to mid-year data, although for 10 years it has not been similar in the housing market. In 2003, before the crisis, borrowings amounted to HUF 800 billion. Read more