7.8% 'certain' to use home renovation subsidies by yearend

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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.

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