Gov't calls Nesting Program a success
Monday, August 8, 2005, 10:31
The Nesting Program, launched early this year to assist young couples in buying their first homes, has come up to expectations, with 11,800 loan contracts concluded so far, government spokesperson Boglar László said on Friday, news wire MTI reported. Minister without portfolio in charge of regional development István Kolber said that nearly 4,400 applicants had raised loans with state guarantee and more than 7,400 purchased second-hand homes with state support. The total value of contracts amounted to nearly Ft 40 billion. As predicted in early this year, more than 100,000 people will benefit from the scheme, the minister said.