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AVERAGE HUNGARIAN HOUSEHOLD HAS NET ASSETS OF HUF 27 M

 

The net assets of an average Hungarian household stood at 27 million forints (EUR 84,000) at the end of 2017, up 48% from 2014, the National Bank of Hungary said in a study of survey results. The median value of net household assets reached 12 million, up 39%. The study shows the rate of home ownership in 2017 was over 80% in all but the lowest two deciles of households, where it fell to 63% and 28%, respectively. The home ownership rate for all households was 84%.

Car ownership, which averaged 54% for all households, reached 82% in the top decile and was 30% in the lowest. The rate of households with home loans was 17% on average, level with the rate in the top decile. About 45% of households in the top decile reside in Budapest. The wealthiest 1% of Hungarian households held just over one-quarter of all net household assets. The wealthiest 10% held more than 56% of the total.