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Those Who Can Afford the Loan Will Be Happy with the Government's New Program, but It Could Make Smaller Apartments Significantly More Expensive.
3 Articles
3 Articles
The government is once again intervening in the real estate market: a new subsidy called the Home Creation Loan Program could raise housing prices, but a new element is that neither age nor having children is a requirement. However, it could pose a serious burden on taxpayers at a time of already high deficits, and those who cannot afford it will also suffer from the rising prices.
In certain cases, the amount of the subsidized loan can be increased to up to HUF 72 million.
The government's new 3 percent interest loan program could bring a significant boost to the real estate market among young first-time home buyers. Demand is expected to continue to grow, and price increases cannot be ruled out, but much depends on how the supply of sought-after smaller apartments and studios develops in the future.
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