Source link : https://europ.info/2025/07/05/hungary-launches-443-million-program-to-help-first-time-home-buyers/
Hungary is set to bolster its housing market by providing up to $443 million in financial support to first-time home buyers, according to Reuters. The government’s new initiative aims to make homeownership more accessible amid rising property prices and economic uncertainties. This substantial investment reflects Hungary’s commitment to addressing housing affordability and stimulating the real estate sector.
Hungary Unveils Major Financial Aid Package for First Time Home Buyers
In a bold move to stimulate the housing market and alleviate the financial burden on young buyers, the Hungarian government has announced a new aid package totaling $443 million. This initiative is aimed primarily at first time home buyers, offering them substantial fiscal incentives to encourage property acquisitions. The program includes a range of benefits designed to reduce upfront costs and support sustainable homeownership, reflecting Hungary’s commitment to making residential properties more accessible amid rising housing prices.
The financial package introduces several key measures:
- Interest-free loans to cover down payments up to a set limit
- Targeted subsidies for families purchasing new or recently built properties
- Tax relief options tailored for first-time buyers, including exemptions on property transfer fees
These enhancements are expected to particularly benefit young couples and singles aiming to enter the real estate market, fostering long-term stability in Hungary’s…
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Author : Olivia Williams
Publish date : 2025-07-05 02:48:00
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