Report: 20% percent of homebuyers apply for loans
Approximately 20% of those purchasing homes in Hungary use loans to complete the purchase, while 10% participate in the expanded home purchase subsidy scheme for families (CSOK), real estate broker Duna House reported yesterday, citing their own data.
On average, homebuyers borrow HUF 6.5 mln, while those involved in the CSOK program borrow HUF 7.4 mln.
Approximately 60% of program participants live in Budapest, where the subsidy covers approximately 10% of a homeʼs purchase price. For the remaining 40% of participants that reside outside of Budapest, the subsidy amounts to about 20% of the purchase price.
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