Hungarian gov’t to offer preferential 3% loan for first-time home buyers

03
Jul
2025
News Article Hungary loan residential subsidy

by Property Forum | Residential

Hungarian Prime Minister Viktor Orbán has announced a new 3% subsidised loan scheme for first-time home buyers. While the government frames it as a major step towards affordable housing, critics warn it may further fuel price increases without addressing underlying supply issues.


Prime Minister Viktor Orbán announced on Wednesday via Facebook that first-time home buyers in Hungary will soon be able to apply for a 3% subsidised loan. "Government decision: 3% preferential loan for your first apartment or house. For anyone. Anywhere. Details coming soon!" he wrote in his post.

At a press conference today, Minister of the Prime Minister's Office Gergely Gulyás explained that this measure aligns with the objectives outlined in the Prime Minister’s annual policy assessment, specifically the Demján Sándor Programme, which aims to promote affordable housing. The programme also covers expanding dormitory capacities, renovating rural homes, introducing tax incentives for employees, and capping bank interest rates at 5%.

To qualify for the subsidised loan, applicants must not own more than 50% of a residential property and must have at least two years of social security contributions at the time of application. The maximum loan amount is HUF 50 million, with a required co-payment as low as 10%, in line with central bank guidelines. Properties eligible for purchase must cost under HUF 100 million, with a price cap of HUF 1.5 million per square metre. The scheme can be combined with other discounts and housing loans.

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