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The Hungarian banking system was characterised by ample liquidity and a strong capital position in H1 2025. However, overvaluation in the housing ......
Hungary's home prices jumped sharply this year, with nationwide growth nearing 24% and Budapest close to 30%, and the government's new home loan scheme will push up prices further....
The government has approved a 3% home purchase credit programme for first-time buyers, Prime Minister Viktor Orban said during a break at a cabinet meeting on July 2....
The decline in valuation on Hungary's commercial property market came to a halt from Q2 2024 following a prolonged downturn, but weak GDP growth and high investor uncertainty continue to weigh on recovery prospects....
Prime Minister Viktor Orban is on a two-day official visit to the United Arab Emirates, where he will hold talks with UAE President and Abu Dhabi ruler Sheikh Mohammed bin Zayed Al Nahyan, as well as leaders of Emirati companies....
Hungary extends retail mortgage interest rate cap until mid-2025 BUDAPEST, Nov 28 (Reuters) - Hungary's government will extend an interest rate cap on retail mortgages by another six months, until the middle of 2025, Prime Minister Viktor Orban's chief of staff said on Thursday. The Hungarian government froze retail mortgage rates starting on Jan. 1, 2022 to shield households from rising inflation, which scaled the European Union's highest levels at 25% in January 2023. Hungary's headline inflat...