Hungarian government to re-launch home renovation subsidy programme

The government will re-launch its home renovation subsidy programme “to ensure financial security and prosperity to families,” the minister of culture and innovation told a press briefing on Monday.

Hungarian government to support home renovation

Balázs Hankó said “we are a family friendly country and nation … the Hungarian government stands by families whatever they may say in Brussels or whatever trends Europe may promote.”

Hankó said next year’s budget would include an “unprecedented” 3,754 billion forints earmarked for family support, 447 billion forints more than in 2024.

Zsófia Koncz, the ministry’s state secretary for families, said the relaunched programme was aimed at promoting “Hungarian families, the local economy and construction sector, in line with the government’s new economy policy action plan.”

The scheme will target more than 100,000 families living at 2,887 small settlements, Koncz said, adding that families with children under 25 were eligible to grants up to 3 million forints and a subsidised loan of 6 million forints.

Read also:

• Budapest’s 9th district eyed for new student town to address housing shortage
• Surprising new trends that will revive the Hungarian housing market in 2025

Featured image: depositphotos.com