• Coronavirus in Hungary
  • coronavirus
  • Budapest
  • Covid immunity certificate in Hungary
  • Covid immunity certificate/vaccine passport
  • Hungary border control
  • HelloMagyar
Hungarian government launching home renovation subsidyHungarian government launching home renovation subsidyHungarian government launching home renovation subsidyHungarian government launching home renovation subsidy
  • Politics
  • Business
  • Society
  • Sport
  • Culture
  • Special Hungary
  • World
  • Contact Us
  • About us
  • About us
  • Contact Us
  • Privacy Policy
✕
Support us
Daily News Daily News · 14/10/2020
· Business

Hungarian government launching home renovation subsidy

construction economy family home purchase subsidies Hungarian economy Hungarian government Hungary property real estate
building construction

The government is launching a scheme for subsidising home renovations carried out by households with at least one child, Katalin Novák, the minister for family affairs, told a press conference on Wednesday.

Under the scheme launching on Jan. 1, half of the renovation costs up to a maximum of 3 million forints (EUR 8,400) per renovation will be covered by the state.

Applicants are not required to have already participated in the “Csok” housing subsidy scheme launched by the government in 2015.

The support covers energy upgrades, bathroom and kitchen renovations, and extensions.

Novak gave the example that every family with a child could, say, spend six million forints on renovations and save three million forints.

The amount of funding under the scheme will be tailored to demand rather than capped.

Full details of the programme will be unveiled in detail over the next few weeks, she added.

She noted that the VAT rate on sales of new-builds is being reduced from 27 percent to 5 percent from Jan. 1. Households that qualify for the government’s Csok scheme can also reclaim the 5 percent VAT when purchasing a new home, she added.

  • Home construction VAT to revert to 5 pc in Hungary
hungary start of school
Read alsoOfficial: Hungarian government spends more on families than any other country in Europe

Source: MTI

construction economy family home purchase subsidies Hungarian economy Hungarian government Hungary property real estate
Share
Daily News
Daily News

Related posts

gas energy
16/05/2022

Fidesz: EU must play an active role in new international energy deals


Read more
MOL Hungary filling station
16/05/2022

Oil embargo? MOL makes a huge revenue from Russian oil


Read more
Hungary debt money economy
15/05/2022

Hungary to be buried in state debt?


Read more

Leave a Reply

Your email address will not be published. Required fields are marked *

SUPPORT US
Latest news
  • Ewan McGregor wears a piece from a Hungarian fashion brand
  • Orbán elected prime minister of Hungary for the fifth time – Speech, photos
  • Meeting of EU foreign ministers: this is the latest Hungarian position on the oil embargo – UPDATE
  • AfriForum continues #TheWorldMustKnow campaign in Hungary

Subscribe to our newsletter

Sign up to receive daily updates, news & stories about Hungary!

Select your location below or enter your country so we can deliver our morning newsletters to you in time.


Thank you!

You have successfully joined our subscriber list.


.

About us

Contact us

© 2022 DailyNewsHungary. All rights reserved!
Posting....