Nine out of ten Hungarians live in their own apartment or house

69.8% of the population of the European Union lives in self-owned real estate. In Hungary, this value is 91.3%, with only two countries surpassing Hungary in terms of ownership. According to the analysis of Duna House, the slowly declining ownership share until 2018 was turned upwards again by the benefits of creating a home. The increasing rate is beneficial in terms of access to housing, but hinders the development of a rental culture and the mobility of the population, which is key to social productivity.

Among the European countries, Romania has the highest proportion (96.1%) of real estate owned by residents – it turns out from the latest Eurostat statistics. Our eastern neighbor is followed by Slovakia (92.3%), while we share 3rd place with Croatia, with only 8.7% of rentals in the Balkans and Hungary. Compared to Western Europe, self-owned properties are much less common: 69% in the Netherlands, 64.5% in Sweden and 64% in France.

The German real estate portfolio barely half such ownership is below 60% in Austria and Denmark. Up-to-date ownership distributions from Switzerland are not yet available, but according to 2018 data, rents predominate by 55-60%, thanks to their well-functioning housing cooperative system.

In Hungary, a structure similar to that in Switzerland is almost unthinkable. “After the change of regime, people were able to buy former rental housing on very favorable terms, which started a wave in the domestic real estate market for owning property, which has remained strong ever since,” said Károly Benedikt, Head of Public Relations and Analysis at Duna House. “Almost everyone in Hungary wants their own home, this ideal is built into Hungarian housing culture. We insist on our own property and the creation of our own property, and currently the greatest value is represented by real estate. With the advent of consumer-friendly loans and government home-building discounts, this opportunity has become available to even more customers. However, the significant rise in house prices in recent years has thus enriched the wealth of the Hungarian population. However, it is questionable why this will lead to the emergence of the usual rental market in Western Europe and the system of service providers and institutions. ”

Examining the last 10 years, it is clear that between 2011 and 2017 there was a very slow decline in the proportion of people living in their own real estate in Hungary. The real leap was brought by 2019, when the Baby CSÁ and the slow-running village CSOK, for example, appeared, which the first claimants could use to buy a home even that year.

Source: Ingatlanhírek by

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