Gov’t approves HUF 87 bln in CSOK home purchase subsidies



Applications for HUF 87 billion in subsidies have been approved under the governmentʼs CSOK home purchase program for families since its launch late in 2015, government officials were quoted as saying by Hungarian news agency MTI on Monday.

Some 36,000 applications have been approved thus far, said Csaba Dömötör, parliamentary state secretary at the PMʼs Cabinet Office.

This year, “tens of thousands” of families could buy homes with funding through the program, added Katalin Novák, state secretary at the Ministry of Human Capacities. Almost 60% of the subsidies awarded to date have gone toward the construction or purchase of new homes, she noted.

A little less than half of the subsidies went to families with three or more children. Another 5,000 families were able to benefit from claiming VAT returns, adding up to HUF 22 bln.

This yearʼs CSOK allocation stands at HUF 211 bln, 30% more than last year, MTI reported.


Nagy: More Involvement in Insurance Market Banking

Nagy: More Involvement in Insurance Market

MPs Approve Tax Changes Parliament

MPs Approve Tax Changes

Home Loan Rates Climb Over 10% Residential

Home Loan Rates Climb Over 10%

Countries Exchange Experiences for Better Production of Catt... Conferences

Countries Exchange Experiences for Better Production of Catt...


Producing journalism that is worthy of the name is a costly business. For 27 years, the publishers, editors and reporters of the Budapest Business Journal have striven to bring you business news that works, information that you can trust, that is factual, accurate and presented without fear or favor.
Newspaper organizations across the globe have struggled to find a business model that allows them to continue to excel, without compromising their ability to perform. Most recently, some have experimented with the idea of involving their most important stakeholders, their readers.
We would like to offer that same opportunity to our readers. We would like to invite you to help us deliver the quality business journalism you require. Hit our Support the BBJ button and you can choose the how much and how often you send us your contributions.