Published: November 26 2023
A survey conducted by the Youth Research Institute reveals that a large majority of young Hungarians between the ages of 15 and 39 aspire to own their own home in the future. Education plays a significant role in shaping these opinions, with those who have higher education valuing property ownership the most. This article explores the key findings of the survey and provides insights into the aspirations and plans of young Hungarians regarding homeownership.
The Importance of Homeownership among Young Hungarians
The survey indicates that 86 percent of young Hungarians consider it important to own their own house or apartment as adults. This aspiration is particularly prominent among those with higher education, with 93 percent expressing the desire for property ownership. Women tend to own a larger proportion of flats or houses compared to men. Furthermore, a significant majority of young people who do not currently own their homes believe that they are likely to be living in their own homes by the year 2050, with the largest proportion expecting to own a home in the north of the country.
Timeline for Homeownership and Factors Influencing it
Approximately half of young people surveyed believe it is realistic for them to achieve property ownership within the next ten years. However, a high proportion of respondents could not provide a specific timeline at the moment. Among those who provided a timeframe, a third stated that they expect to own their homes within six to ten years. Notably, those who anticipate owning a home within ten years are typically aged 24 and above and reside outside of Budapest.
Key Concerns and Challenges for Young Hungarians
While access to housing is not deemed the most pressing problem facing young people in Hungary, uncertainty and an unpredictable future emerged as the biggest concerns. Financial difficulties, a lack of purpose, and a lack of friends and community also ranked high on the list of generational challenges. Problems such as crime, drug and alcohol prevalence, family issues, and difficulties in finding employment were recognized as more important than housing concerns.
The survey highlights the strong desire for homeownership among young Hungarians, particularly those with higher education. While many aspire to own their own homes in the future, uncertainties regarding timeline and challenges related to financial difficulties and an unpredictable future persist. Understanding these aspirations and concerns is crucial for policymakers and stakeholders in addressing the housing needs and aspirations of the young population in Hungary.
Questions & Answers
What percentage of young Hungarians consider it important to own their own house or apartment? According to a survey, 86 percent of 15-39 year old Hungarians consider it important to own their own house or apartment as an adult.
What percentage of young Hungarians who already own their own property received tertiary education? The research shows that 53 percent of young people who already own their own property received tertiary education.
Do more women or men in Hungary own flats or houses? The survey found that 36 percent of women and 28 percent of men in Hungary own flats or houses.
Where do young people in Hungary expect to own a home by 2050? The largest proportion of young people in Hungary expect to own a home by 2050 in the north of the country.
How many young people in Hungary believe it is realistic for them to own their own property within ten years? Approximately 49 percent of young people in Hungary believe it is realistic for them to own their own property within ten years.
What are the most pressing problems facing young people in Hungary today? According to the survey, the most pressing problems facing young people in Hungary today are uncertainty and an unpredictable future, followed by financial difficulties, lack of purpose, and a lack of friends and community. Housing is preceded by problems such as crime, the prevalence of drugs and alcohol, family problems, and difficulties in finding a job.
How many respondents in the survey feel that the most pressing problem facing young people in Hungary today is access to housing? Only two to three percent of respondents in the survey feel that access to housing is the most pressing problem facing young people in Hungary today.
What was the sample size of the survey conducted by the Youth Research Institute? The survey conducted by the Youth Research Institute had a national, representative sample of 1,000 Hungarian citizens aged 15-39 years, who were interviewed face-to-face.