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Government plans to scrap HUF 30 mln price cap on subsidized home loans

Sustainability

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The Hungarian government is expected to decide today on whether it will scrap the HUF 30 million price cap for homebuyers who avail of a HUF 10 mln preferential loan under the governmentʼs recently launched home subsidy program (CSOK), Ágnes Hornung, state secretary of the National Economy Ministry, reportedly said yesterday, according to MTI.

Scrapping the cap is expected to cause the number of new homes eligible for the support to triple to 6,000, real estate portal ingatlan.com reported today.

The move would raise the number of homes eligible for the subsidies – a HUF 10 mln grant paired with a HUF 10 mln preferential loan – from 468 to 3,292 in Budapest alone, ingatlan.com said, according to MTI.

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