K&H: housing loans have rebounded

By: Trademagazin Date: 2025. 03. 25. 09:24

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The year started with a significant expansion in terms of housing loans, according to a recent compilation by K&H. The amount of housing loan contracts concluded at the financial institution increased by 36 percent in January compared to a year earlier. The average amount of housing loans rose to over 25 million forints, which corresponds to a 40 percent increase on an annual basis.

Thanks to lower inflation and the increase in real wages, the housing market also began to pick up this year, which also brought with it an increase in real estate prices, which is also clearly visible in housing loans – K&H announced. The new growth is not a surprise, signs of recovery were already visible at the financial institution last year.

Double-digit increase

K&H concluded housing loan contracts worth nearly 15 billion forints in January this year, compared to almost 11 billion forints a year earlier: this corresponds to a 36 percent increase in annual comparison. The average amount of home loans jumped from nearly 18 million forints to over 25 million forints, an increase of more than 40 percent. The increase can be explained primarily by the fact that those affected took out loans for more expensive homes, as the number of contracts had not yet shown an increase in January this year.

Significant growth is also visible in the entire market

K&H’s data is in line with market data, which also show an increase in contract amounts. According to data from the Hungarian National Bank, in the first month of this year, Hungarian banks concluded home loan contracts worth almost 125 billion forints, while a year earlier this amount was under 100 billion forints, or 82 billion forints to be precise.