Are you sure?

Renovations planned for 450,000 homes in Hungary

About 450,000 homes in Hungary could undergo some degree of renovation in the coming year, state news wire MTI reports, citing a quarterly gauge of the market by economic research company GKI and building materials maker Masterplast.

Image by

In relative terms, renovation work is planned at around 14% of single-family detached homes and at almost 10% of homes in blocks of flats.

Almost three-quarters of homeowners who plan renovation work will pay for projects with savings, with one-quarter using savings from home savings banks.

One-fifth of homeowners planning renovation work will take out credit, and one in seven will get some form of state subsidy.