Some 5,500 families applied for HUF 24.6 bln of the funding to build their own homes, Hornung said.

A further 4,600 families with three or more children applied for preferential home loans, she added.

This yearʼs budget allocates HUF 211 bln for home purchase subsidies, up from HUF 148 bln last year.

Hornung added that proposals on “fine-tuning” the governmentʼs home subsidy scheme, including those affecting the CSOK platform and VAT, are currently being drafted.