ADVERTISEMENT

K&H clients request HUF 340 mln in home purchase subsidies

Analysis

Clients of K&H Bank applied for nearly HUF 340 million in home purchase subsidies from January-February, Gábor Rajna, who heads the lenderʼs sales network, said yesterday according to Hungarian news agency MTI .

Most of the bankʼs clients are looking to use the subsidies to buy resale homes, Rajna said.  

Hungaryʼs government recently introduced the subsidies for families with children along with a preferential loan for households with three or more children.

Rajna said about 26% of the K&H clients who applied for the subsidies asked for the HUF 10 million grant for families with three or more children, according to MTI. About 73% of the clients applying for the subsidies also made a loan application, he added.

In January-February, K&H accounted for almost 15% of mortgage and home loan outlays in Hungary.

ADVERTISEMENT

Manufacturing Purchasing Managers' Index rises Analysis

Manufacturing Purchasing Managers' Index rises

Lawmakers approve residency permit for digital nomads Parliament

Lawmakers approve residency permit for digital nomads

The strongest move - Morgan Stanley Hungary head and Chess F... Podcasts

The strongest move - Morgan Stanley Hungary head and Chess F...

ITM, capital gov't agree on support for public transport City

ITM, capital gov't agree on support for public transport

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.