7.8% 'certain' to use home renovation subsidies by yearend
A survey by economic research institute GKI and building materials maker Masterplast shows 7.8% of Hungarian households are "certain" to use government subsidies to renovate their homes by the end of the year, according to napi.hu.
The representative survey, conducted in May, shows that 12.4% of households will "probably" use the subsidies to renovate.
The changes in the ratios compared to the previous quarter when the survey was conducted were within the margin of error.
Under a two-year scheme launched at the start of 2021, the government is offering to cover up to half of home renovation costs, with a grant capped at HUF 3 million, for families with at least one child.
Families may take out a subsidized loan to cover the other half of project costs.
SUPPORT THE BUDAPEST BUSINESS JOURNAL
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.