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1024 Budapest Hungary

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Real estate prices have increased on the back of CSOK, 5 October – A study shows that the family home allowance (CSOK) has not improved the birth rate, but its amount has been incorporated into the price of homes. Three quarters of the subsidy was bunt up by the price rise, and the number of people having three children has not increased even in the light of the millions of Forints granted by the state. Many people used the subsidy to buy property as an investment. The introduction of the new allowance has pushed up property prices significantly, making it even more difficult for young couples to buy a home. Only 23% of those who received state support agreed in advance to bear a child, well below the national average (33%). 77% of claimants only apply for support after a child that has already been born. More than half of them only committed to one baby, 45 percent committed to two children and only 2 percent dared to commit to having three children after receiving the subsidy. The income level of those who anticipated having a child was typically lower than that of those who already had children; for them, the subsidy was a great help in buying their own property.

What would Hungarians invest HUF 10 million in?, 27.08. – In a recent survey, 46% of those surveyed replied that they would invest their HUF 10 million primarily in real estate. Foreign currency is in second place, but it lags way behind. 12 percent said they would put their money in dollars or euros. Gold is in third place, 11% have the highest confidence in precious metals and only 10% of the population would buy government bonds with the money. Only 5 percent are considering riskier investments such as shares, and the same number said they would buy cryptocurrency with HUF 10 million. The latter is considered an even riskier investment than shares. On a positive note, only 3 percent of respondents said they would keep their HUF 10 million in cash, and 8 percent would have chosen some other form of investment. 54 percent of women would invest their HUF 10 million in real estate, compared to only 38 percent of men. Government bonds came second for men, but not far behind in the popularity rankings were the euro and the dollar, as well as gold. For women, foreign currency was the second most popular investment, followed by gold, and government bonds were only in fourth place.