Upgraded CSOK home purchase subsidy programme could attract twice as many, says expert

The government’s recently expanded CSOK home purchase subsidy programme could double the number of participants, a real estate expert told public television M1 on Thursday.

László Balogh said that the programme offered “safe and predictable” loans for 25 years, and added that the preferential 3 percent interest was just half of the current market rates. He said that the recent changes to the scheme would also boost home construction as higher sales would increase both supply and demand.

As we wrote, the head of the Prime Minister’s Office announced last week that the government had decided to raise the home purchase subsidies available for families raising two children to 10 million forints (EUR 31,000).

Earlier the HUF 10m loans were available only to families with three or more children.

The credit limit for families with three children will be raised to 15 million forints (EUR 45,000), Gergely Gulyás said.

ANNUAL DYNAMICS OF HOUSE PRICES IN BUDAPEST GROWS

Source: MTI