US EditionUPDATE 2-Hungary to Provide Subsidised Loans for First-Time Home Buyers, PM Says
- On July 2, Prime Minister Viktor Orban announced Hungary approved a 3% interest home loan programme for first-time buyers nationwide.
- This measure responds to soaring home prices that have risen 234% over 14 years, leaving many unable to afford property amid scarce new home completions.
- The loan offers up to 50 million forints with a 25-year term, requires a 10% down payment, and applies regardless of the buyer's age or location.
- Orban highlighted that the new subsidised loan’s 3% interest rate is significantly lower than the prevailing market rates, which range between 7% and 8%, resulting in considerable monthly cost reductions for borrowers.
- The scheme aims to ease Hungary’s housing crisis ahead of the April 2026 elections, but experts say the 50 million forints cap limits impact in expensive markets.
14 Articles
14 Articles
UPDATE 2-Hungary to provide subsidised loans for first-time home buyers, PM says
UPDATE 2-Hungary to provide subsidised loans for first-time home buyers, PM says Hungary will provide subsidised loans with a 3% interest rate for all first-time home buyers, regardless of age or location, Prime Minister Viktor Orban said as he gears up for a tightly-contested election due in less than a year.The scheme was announced as the nationalist Orban's Fidesz party prepares for next year's vote while also facing unusually strong economic…
The Prime Minister will report on the details later.
Viktor Orbán announced on his Facebook page that it will be possible to take out a 3 percent preferential loan to buy your first apartment or house. The Prime Minister will announce the details soon, but the post reveals that the loan is available to everyone.
There are two price limits when applying.
As we reported yesterday, a new <a href="https://www.penzcentrum.hu/otthon/20250702/itt-van-orban-viktor-bejelentese-uj-lakhatasi-tamogatas-jon-barkinek-barhol-elerheto-lesz-1181520" target="_blank" rel="noopener">3% home loan is being introduced for first-time home buyers</a>, and in principle anyone and anywhere can apply for it. In our first <a href="https://www.penzcentrum.hu/otthon/20250702/olaj-lehet-a-tuzre-orbanek-uj-kedvezmenyes-lakashi…
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