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| - - - - - - - - - - - - - - - - - - - - - - - - - - Buying or Renting a Home in Hungary - - - - - - - - - - - - - - - - - - - - - - - - - - |
| mortgage lenders for foreigners, loan options, primary residences, investment properties, loan amounts, adjustable rate loan, fixed rate loan, fixed principle payment, down payment, reduced rate option, close loan, credit, construction loan, permanent loan, 1st mortgage, 2nd mortgage, mortgage insurance, earning restrictions, adjustable rate mortgage, refinance, low rate, financial index, refinancing, tax deduction, tax advantage, mortgage insurance, home equity, credit program |
| © 2008 Budapest-Propertyfinder.com | About us | Contact us |
| Disclaimer: the article serves merely information purposes. Due to its extent, it is neither an all round information nor shall it be qualified as legal advice. |
Bank loans and mortgages, based on Switzerland Francs, Euros or HU Forints are
now available in Hungary up to 50 % of the value of the property you purchase here,
currently for EU, USA and Israel citizens.
now available in Hungary up to 50 % of the value of the property you purchase here,
currently for EU, USA and Israel citizens.
| Erste Bank Hungary 1132 Budapest, Váci utca 48 Tel: 298-0221; 06-40-222-221 -------------------------------------------------------------------------------- General Banking and Trust 1068 Budapest, Városligeti fasor 34-36 Tel: 462-7600; 462-7674 -------------------------------------------------------------------------------- ING Bank Hungary 1068 Budapest, Dózsa György út 84/b Tel: 235-6777; 235-8870 -------------------------------------------------------------------------------- K&H Bank 1051 Budapest, Vigadó tér 1 Tel: 328-9000 -------------------------------------------------------------------------------- Banco Popolare 1132 Budapest, Váci út 20-26. (WestEnd Business Center) Tel: (1) 412- 3030 2040 Budaörs, Károly király u. 43. |
Banks Providing Property Loans for Foreigners in Budapest, Hungary:
| I can help my contracted clients to find a suitable mortgage plan. Since my time is limited, I can not offer to give free advice to those who are not my buyer agency clients. Scroll down for a list of banks who provide property loans for foreigners in Hungary. |
Property Financing in Hungary - Where are we Heading?
According to a recent report of DEM Information and Economic Research Bureau, in the
first seven months of 2007, an overall average of 5.6 million Forints is the result of a
continuous increase in market-based (mostly currency) loans, representing a large
portion of the demand. Until the end of July, 2007, a total of almost 60,000 loan
contracts were signed for housing purposes, to a total value of 286 billion Forints.
In reaction to the signs of a slackening appetite for home purchases and
refurbishments, banks started stronger loan campaigns. An outstanding scheme is a
yen loan, available from OTP Bank, where the interest rates are the lowest in the
developed world, though it is coupled with the highest fluctuations in exchange rates.
Allianz Bank offers, in certain cases, a loan amounting to 110% of the home’s collateral
value, while BG Mortgage & Leasing came to the market with a mortgage loan of 40
years to maturity. In addition, in a wide range, the initial one-off costs are remitted.
This year, according to the expectations of market players, the home lease segment
could represent a volume of 25 billion Forints, which would be the double of the
financing level in the year 2006.
Within property leases, there is a further increase in financing residential property, this
figure standing at 17 per cent at the end of the first half of the year. This forecasts a
further expansion of companies dealing with home leasing on the market of housing
finance.
Source: OC Residential Market Monitor
According to a recent report of DEM Information and Economic Research Bureau, in the
first seven months of 2007, an overall average of 5.6 million Forints is the result of a
continuous increase in market-based (mostly currency) loans, representing a large
portion of the demand. Until the end of July, 2007, a total of almost 60,000 loan
contracts were signed for housing purposes, to a total value of 286 billion Forints.
In reaction to the signs of a slackening appetite for home purchases and
refurbishments, banks started stronger loan campaigns. An outstanding scheme is a
yen loan, available from OTP Bank, where the interest rates are the lowest in the
developed world, though it is coupled with the highest fluctuations in exchange rates.
Allianz Bank offers, in certain cases, a loan amounting to 110% of the home’s collateral
value, while BG Mortgage & Leasing came to the market with a mortgage loan of 40
years to maturity. In addition, in a wide range, the initial one-off costs are remitted.
This year, according to the expectations of market players, the home lease segment
could represent a volume of 25 billion Forints, which would be the double of the
financing level in the year 2006.
Within property leases, there is a further increase in financing residential property, this
figure standing at 17 per cent at the end of the first half of the year. This forecasts a
further expansion of companies dealing with home leasing on the market of housing
finance.
Source: OC Residential Market Monitor
