Economics

State-subsidized housing loans are gradually giving way to commercial loans and mortgages, market research company DEM Kft concluded in a recent survey. Banks extended Ft 257.6 billion in subsidized loans and Ft 132 billion at a market rate this year. Subsidized loans for purchases on the resale market have become increasingly difficult to obtain, as shown by the sharp decline in monthly totals from Fr 29 billion in January to Ft 5.5 in October. Government aided finance for newly built homes is also becoming more marginal, if at a slower pace: the comparable monthly figures were Ft 23 billion in January and Ft 13.8 in October. Subsidized loans averaged Ft 3.89 million in the resale sector and Ft 6.74 million for new homes. It appears that borrowers who are not eligible for government-aided credit lines are still not afraid to take out foreign currency loans, in spite of the dangers of currency rate fluctuation. (Vg 4) P.P.

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