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.

Even though the government financially helps young Hungarians to buy a flat, instead of compensating social inequalities, these allocations further strengthen them. Therefore,

those people can buy a flat easier whose families have a better financial situation.

The CSOK program is not a solution for most

The government ended state support for the home savings support system in October last year which was attainable for almost everybody while upgrading CSOK, a home purchase subsidy programme that helps only privileged people, says Habitat’s report. This is because those who do not want children or are in a poor financial situation cannot use the CSOK system to buy a house.  

In the last two years, 58 thousand households signed a CSOK contract, and 47.6 pc of them are under 35 years of age. This is a dangerous trend because more couples take out the CSOK loan without raising the requested number of children, saying that in the future, they will have at least 3 children. However, if for some reason, they do not have enough kids, they will get in a very troubling financial situation. And data shows that

the fertility rate is not going up in Hungary.

Therefore, more young Hungarians rent a flat. 20 years ago, only 10 pc of Hungarians did so, but today, this rate reaches 30 pc. And this is because they cannot buy a flat. There are not enough dormitories for students; for example, only in Budapest, the over-application ratio is 3:1.

As a result, a quarter of those who were asked by Habitat said that

they have no chance to own their home.


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