Hungary is the only country in the OSIS project, which represents the transitional countries, and the new members of the European Union. Home ownership has become a dominant tenure form all over the transition countries, however even after 15 years since the transition no new housing regime has been formed. The housing sector developed basically as a consequence of the economic transition, and the trends in the housing system can be interpreted as “outcome” of the restructuring processes in the political and economic system such as decentralization, privatization, emergence of private banking, reform of social security system, etc. Hungary is one example of “super home ownership”, where majority of the owners have the full equity (no substantial mortgage).