Some 6,500 apply for home purchase subsidy scheme

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Approximately 6,500 Hungarians have applied for funding available under a home purchase subsidy scheme launched by the government in February, National Bank of Hungary (MNB) director Gergely Fábian said, according to Hungarian news agency MTI.

In an interview with state-owned all-news channel M1 on Saturday, the director said that approximately 36,000 people have inquired about the scheme. Most applicants want the subsidies for resale homes, but the scheme is also expected to boost demand for new homes, he added. 

Hungarian families are eligible for grants of between HUF 600,000 and HUF 2,750,000 for the purchase or expansion of homes under the scheme, depending on the number of children in the household.

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