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As the launch of Hungary’s subsidized Home Start home loan program approaches in September, interest is surging on the demand side of the housing market, according to property platform ingatlan.com.
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A large-scale development encompassing sports and cultural facilities is being planned for the southern end of the Óbuda Island in Budapest.
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A subsidised credit scheme for first-time home buyers could reduce rents by easing demand and increasing supply, especially in the capital and university towns, listed real estate broker Duna House said in a press release on Thursday.
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Homes in pre-fabricated communist-era apartment buildings sold on average 50 days after they were listed in the second quarter, compared to 80 days half a year earlier, real estate broker Otthon Centrum said.
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Home sales in Hungary fell 17.7pc year-on-year to 9,492 in July, a monthly estimate by listed real estate broker Duna House shows.
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The government's recently announced Home Start programme, which will offer subsidised credit to first-time home buyers, could reshape Hungary's rentals market, mitigating rising rents and boosting supply, property listings site ingatlan.com said on Monday.
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