He said the government will scrap the rule that a home-buying loan of 10 million forints (EUR 31,855) is only granted if the real estate costs less than 30 million forints.

The government is also prepared to support loft conversions in cities and the construction of new homesteads in the countryside, he said, adding that public workers will also be eligible to apply for a subsidy to buy existing homes and for home renovations.

He said the government will hold talks with construction industry players to lay out the guarantees that will enforce the new construction regulations now that the rules for obtaining home-building permits have been loosened.

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MTI photo: Bruzák Noémi