Demand grows for family home purchase subsidies
Demand for the governmentʼs expanded home purchase subsidies for families is growing, a survey of lenders by Hungarian news agency MTI shows today.
OTP Bank, Hungaryʼs biggest commercial lender, has awarded HUF 14.8 bln of the subsidies, known by their Hungarian acronym CSOK, to 7,542 clients so far this year, accounting for about half of all CSOK contracts. About 4% of the clients are using the subsidies to buy new homes, 17% to build, and 2% to expand. The rest want to buy resale homes.
K&H Bank accepted 1,312 applications for some HUF 4.5 bln in CSOK subsidies by the end of July, while UniCredit Bank counted almost 1,200 applications.
Members of savings integrator SZHISZ accepted 4,485 applications for a combined HUF 14.7 bln in CSOK funding by the end of September.
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.