Hungarian Government Announces Home Start Loan: 3% Fixed-Rate Mortgage Program for First-Time Buyers

Pénzcentrum

Factuality

Ownership

The Home Start program may primarily bring significant changes to the used housing market, while its impact on new housing construction may be more limited. The realization of the housing construction boom announced by the government is uncertain, especially in light of real estate prices in the capital.

Portfolio.hu

Factuality

Ownership

“The 3% Otthon Start loan will cause such a big increase in housing prices that if I buy with it in the fall, I will be worse off than if I bought a home with a market-rate loan now,” predicted one of our critical readers. We looked at how much price increase would have to occur for this ominous scenario to be confirmed – and for buyers to actually be in a worse position than they are today with a market-rate loan. In this case, it would be bett…

Heti Világgazdaság

Factuality

Ownership

The government had high hopes for it as part of the "New Economic Policy Action Plan", but according to data from one bank, only 3.2 percent of Szép card payments go towards home renovation, and the average basket value is only 30,000 forints.