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Over HUF 523 Billion of Home Renovation Subsidies Handed Out in Hungary

• 27 Jan 2023 9:53 AM
• Hungary Matters

The government has awarded over 523 billion forints in home renovation subsidies to 250,000 families in the framework of a two-year programme that concluded in December, the state treasury said, noting that over 100,000 applications for the subsidies arrived in December and said processing the last-minute rush would require more time.

The government offered to cover up to half of home renovation costs, with a grant capped at 3 million forints for families with at least one child.

Families could take out a subsidised loan to cover the other half of project costs.

The average subsidy awarded in the framework of the scheme was 2 million.

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Launched in January 2014, this newsletter published on week days covers 'everything you need to know about what’s going on in Hungary and beyond', according to its publisher the state media agency MTI.

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