Ratio of owners
A lakóingatlanállomány tulajdonos által lakott hányada
Sources of data:
Eurostat
Hungarians have traditionally been attached to their real estate; once they went through all the trouble of buying or building it, they are reluctant to let go. In many regions of the country, mainly in the villages, these properties are equally not worth enough to be able to buy another property elsewhere in the country. The real estate market is not dynamic enough. Rental housing and social housing is scarce. As a result, the labour market is rather inelastic, as people do not want to move in the vicinity of new jobs, nor can they.