Number of young Hungarians living together with their parents rising

Two-thirds of young Hungarians live with their parents, and this rate is growing year by year. This is because state allocations support those who already have enough money for their own flat – at least, this is what the report by Habitat for Humanity says.

They do not have a choice but to stay with their parents

According to them, despite there being more newly-built flats on the market, young Hungarians cannot buy them. Therefore, 62.7 pc of young Hungarians live with their parents, which is higher than years before, and much higher than the EU-average, which is only 48.1 pc, hvg reported.

The statistics consider the generation between 18 and 34 to be young, and, of course, there are much more 18-20-year-olds who live with their families than 34-year-olds. Based on the data of Eurostat,

the average Hungarian is 27.4 years old when they leave home:

28.8 if he is a man and 26 in the case of women, which is 1.5 years more than the EU average.

Habitat’s report says that many young Hungarians live in some form of housing poverty which is not helped by state allocations. According to them, at the moment, every third child lives in an overcrowded house or flat.

They added that young Hungarians who are backed financially by their family or relatives can spend 1 million HUF more on buying a flat. However, to do so, they have to lower their demands and choose a flat much worse than what they wanted before. Taking out a loan is inevitable for almost everybody, but those who do not receive help from their family have to take out 2.2 million HUF more than their luckier peers.