Competition intensified to the extent that prices fell 1.3% year-on year in H1 2025, he said.

The home renovation subsidies available so far have not had the expected impact, largely due to complicated administration and the narrow range of eligible applicants, he added.

Money from Szép voucher cards and voluntary pension fund savings has not sufficiently stimulated demand, Évosz said.

The association expects that the projected recovery will not lead to a significant increase in building material prices as manufacturers still have major unutilised capacities.