Hungary in the footsteps of Poland? Orban announces preferential housing loans

Hungarian Prime Minister Viktor Orban announced on Wednesday after the government meeting the program of preferential loans for the purchase of the first house or apartment – according to his Facebook entry.

The possibility of applying for a loan with an interest rate of 3 percent. Everyone will have, regardless of where they want to buy the property – the head of the Hungarian government pointed out. He added that more details about the project would be announced soon.

The Hungarian portal Index announced on Wednesday that among the topics raised at Wednesday's meeting of the government were, among others housing, drought protection and rural situation. The Government Information Center has announced that the head of the office of Prime Minister Gergely Gulayas and spokeswoman for government Eszter Vitalyos will organize a briefing on Thursday, at which they will summarize Wednesday's talks.

The media regularly inform about the problem with the availability of apartments, paying special attention to the difficulties that young Hungarians face in this aspect. According to data from the Portal dealing with the INGATLAN domestic real estate market, the average price of an apartment below 45 sq m in Budapest is 55 million forints (approx. 137 thousand euros). In smaller centers, such as Debreczyn or Gyor, small apartments cost 45 million and 43 million forints (112,000 and 107,000 euros), respectively.

The Reuters agency noticed that “the loan program for apartments was announced when the nationalist government of Orbana is preparing for difficult elections next year and measures with extremely serious economic challenges.”

The main opposition party of Hungary, Tisza Peter Magyar, enjoys up to 15 percentage points in recent surveys. Over Fidesz Orban. In June, 51 percent expressed their willingness to vote for the Magyar group. voters, at 36 percent supporting the ruling party.

From Budapest Jakub Bawołek (PAP)

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