László Balogh, ingatlan.com’s chief economist, said monthly payments on the Home Start credit would be around HUF 237,000 for the maximum HUF 50 million loan, lower than the HUF 250,000 average monthly rent for a 50sqm flat in the capital.
He predicted that the Home Start programme could boost the popularity of 30-45 sqm homes in Budapest and other big cities around the country.
From September, the Home Start program will offer first-time home buyers fixed 3% loans up to HUF 50 mln.
The value of homes for which the credit may be used is capped at HUF 1.5 mln/sqm.
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