Hungarians Took Out Record Amount of Consumer Loans Last Year
In an unprecedented surge, the measure of personal and consumer loans taken out by Hungarians reached a new peak last year.
László Balogh, the chief analyst at real estate portal ingatlan.com, relayed to RTL News: "In a matter of a few months, 40 percent of the buyers disappeared from the real estate market, the number of property transactions fell, and the dynamic growth in prices and values we've seen since 2015 came to a halt."
While the real estate market experienced a downturn, the credit sector saw record levels of interest, particularly in loans related to cost of living, despite high interest rates, as reported by the central bank.
Record-breaking figures were noted not only in the magnitude of personal loans and retail credits, but also in the number of people who slipped into overdrafts on their current accounts. “The largest issue could be credit card debt. There are more than one million credit cards in Hungary now, with an average overdue debt of 130,000 forints,” Peter Gergely, a financial expert at biztosdontes.hu, informed RTL News.
SAVE MILLIONS BY CHOOSING THE CHEAPEST MORTGAGE LOAN!
For those looking to purchase a home, obtaining a loan is often necessary to achieve their goal. In the current economic environment, it is more crucial than ever to find the cheapest offer, potentially saving millions. For this purpose, it is advisable to use Bankmonitor's mortgage loan calculator.
While the real estate market experienced a downturn, the credit sector saw record levels of interest, particularly in loans related to cost of living, despite high interest rates, as reported by the central bank.
Record-breaking figures were noted not only in the magnitude of personal loans and retail credits, but also in the number of people who slipped into overdrafts on their current accounts. “The largest issue could be credit card debt. There are more than one million credit cards in Hungary now, with an average overdue debt of 130,000 forints,” Peter Gergely, a financial expert at biztosdontes.hu, informed RTL News.
SAVE MILLIONS BY CHOOSING THE CHEAPEST MORTGAGE LOAN!
For those looking to purchase a home, obtaining a loan is often necessary to achieve their goal. In the current economic environment, it is more crucial than ever to find the cheapest offer, potentially saving millions. For this purpose, it is advisable to use Bankmonitor's mortgage loan calculator.
