ÉVOSZ shared positive news about building material prices in Hungary
Demand for building materials remained modest in the first half of this year, industry association ÉVOSZ said on Friday.
The building materials market has not recovered since 2023, Attila Juhász of ÉVOSZ said in a statement by the association. Competition intensified to the extent that prices fell 1.3pc year-on year in H1 2025, he said.
The home renovation subsidies available so far have not had the expected impact, largely due to complicated administration and the narrow range of eligible applicants, he added.
Money from SZÉP voucher cards and voluntary pension fund savings has not sufficiently stimulated demand, ÉVOSZ said.
ÉVOSZ expects that the projected recovery will not lead to a significant increase in building material prices as manufacturers still have major unutilised capacities.
Payouts for Demján Sándor Programme matching support scheme reach EUR 19 million
Successful applicants in a government scheme that matches SME spending on investments have been awarded HUF 75bn, so far, the National Economy Ministry said on Friday. The support was paid to around 900 companies. Positive decisions have been taken on 1,325 applications for combined support of HUF 104.5bn. The Demján Sándor Programme matching support scheme has a funding allocation of HUF 130bn.
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