Hungary's new housing programme also supports construction of rental housing and dormitories
The share of public funding in the capital funds may not exceed 70%. An amount equivalent to 100% of the public investment must be used for development in Hungary, of which 60% can be used for the following three purposes:
- construction of new housing and
- rental housing,
- dormitory development.
Applications are open from 1 March 2025 to 31 December 2025.
Existing funds will be able to start using the money immediately from March, while new funds will have until 31 December. The measures could give a significant boost to the construction and real estate sectors, helping the Hungarian economy to grow by more than 3% in 2025, the ministry said.
On Monday morning, the Hungarian Banking Association announced a voluntary interest rate cap of 5% and its conditions, which was welcomed without objection by the Economy Ministry.
