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Gov’t to draw up home construction support program in H1

The government will draw up a new program that supports home construction in the first half of the year, National Economy Minister György Matolcsy said at a conference organized by home savings bank Fundamenta-Lakáskassza.

The program will be based on recommendations from the Home Creation Advisory Body, Matolcsy said. The government wants to see an annual 40,000 homes built in Hungary, including 10,000 rental homes, he added.

The program will support energy-efficient renovations of existing homes as well as construction of new homes.

Károly Gergely, who heads the Home Creation Advisory Body, said the body submitted their proposals to the minister in February.

There were 20,823 homes built in Hungary last year, 35% fewer than in 2009, according to data from the Central Statistical Office (KSH).