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Gov't wants to raise limit on home savings subsidy

The government wants to raise the annual limit on subsidies for home savings bank accounts from an annual HUF 72,000 to HUF 100,000 over two years, state secretary in charge of home creation and energy affairs János Bencsik told news portal origo.hu on Tuesday.

The number of new homes built in Hungary could reach 40,000 in about five years, he added.

There were 32,000 new homes built in Hungary in 2009, down 11% from 2008, data from the Central Statistical Office (KSH) show. (MTI-Econews)