ADVERTISEMENT

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

Sustainability

pixabay

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.

ADVERTISEMENT

Fiscal, monetary policy partnership needed to rein in CPI - ... Analysis

Fiscal, monetary policy partnership needed to rein in CPI - ...

Parl't votes to phase out savings coops integration framewor... Parliament

Parl't votes to phase out savings coops integration framewor...

Roche Szolgáltató appoints P&C business partner lead Appointments

Roche Szolgáltató appoints P&C business partner lead

Capital sees urban exodus during pandemic City

Capital sees urban exodus during pandemic

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.