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Jul 31, 2017

More than 50,000 Hungarians apply for home purchase aid scheme

Applications have so far reached 136 billion HUF (446.2m EUR) in total

Hungary has revealed that more than 50,000 applications have been submitted for funding under the government’s expanded Home Purchase Subsidy Scheme for Families (CSOK).

Csaba Dömötör, state secretary in the Cabinet Office of the Prime Minister, revealed that applications have so far reached 136 billion HUF (446.2m EUR) in total.

Ágnes Hornung, state secretary for the ministry of Economy, said that the increasing number of home constructions could lift GDP by 1 percent this year and by 1.5 percent in 2018.

Hornung added that a comprehensive review of the CSOK subsidies is under way, with ongoing talks on how to make funding even more accessible for families and how constructions could continue to boost the economy.