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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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