€25 to 2812 — Up to 100 times the price difference for rural real estates

Currently, there are nearly 15,000 properties — houses or apartments — for sale in Hungarian villages that the family housing support program (commonly known as CSOK) starting in July affects. In the cheapest areas, one can find real estate for only €24-30 per square meter — for instance, in Vas county’s Halastó, in Felsővadász in Borsod county or in Pusztaottlaka in Békés county. The most expensive areas are near Balaton, according to analyses by ingatlan.com.

Earlier this week, detailed regulations concerning the new part of the state housing aid, the villagers’ CSOK, have been revealed. After this, ingatlan.com went ahead and checked how many properties were up for sale this May in the affected areas, and what the average price per square meter is for them, reports Forbes.hu.

According to László Balogh, leading economic expert of ingatlan.com, with the help of the new housing aid, there are about 2500 villages where real estate will be sold, which one can upgrade or expand after the purchase.

In order for the prices not to skyrocket because of the new aid, regulations state that only half of the aid can be used for buying, the other half has to be spent on upgrading and expanding.

“Family and twin house purchases, constructions and upgrades are expected to be given a boost by the new housing aid. All these could contribute to the significant improvement of the quality of real estates in popular towns. But in the areas concerned, a huge price gap can be observed between real estates, a difference of up to 100 times the other price,” added the expert.