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Breakthrough proposal: Hungarian construction experts reveal solution to housing crisis
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Construction industry association ÉVOSZ (Építési Vállalkozók Országos Szakszövetsége) chairman László Koji said 12,000 new homes could be handed over in 2025, while around 200,000 could undergo renovation, in a comment after the Central Statistics Office (KSH) released residential construction and permit data on Tuesday. The solution to the housing crisis:
As we wrote today, Hungary’s new home construction falls while permits surge, read details HERE.
Housing crisis in Hungary
Koji said contractors sensed a “positive shift” after the home construction and renovation markets bottomed out, but added that government measures to support home purchases and upgrades would show up only in 2026 data.
ÉVOSZ said it was drafting proposals as a member of the European Construction Industry Federation (FIEC) on protecting local businesses at European Union level from building materials and general contracting capacity from non-EU countries.
ÉVOSZ also proposed the government broaden a scheme supporting home renovations in smaller settlements and pressed for the re-launch of the central bank’s Green Home Programme.
According to MTI, the association recommended starting a city quarter rehabilitation programme to undertake energy efficiency upgrades and introducing support for nonprofit home construction. It urged the launch of a long-term programme for renovating old pre-fabricated concrete blocks of flats and pushed for a five-year exemption from the building tax for new residential property. ÉVOSZ proposed launching a municipal council rental home programme and recommended the government keep the 5pc VAT rate on new home builds in place through 2030.