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Katalin Novák said: the objective is not to be able to ask for any amount if someone buys a property and applies for a loan. This could save families of tens of thousands of guilders, he stressed. The minister recalled that from January the housing tax will be reduced to 5 percent, and in the case of properties purchased with a family home discount (check), this 5 percent will also be recoverable. With this and the tax exemption, you can save HUF 15.5 million when buying a HUF 50 million property.
The home building program, in addition to providing a tangible opportunity for a young couple to start a family on their own, will also give dynamism to the construction industry, thus contributing to the growth of the economy. Katalin Novák also mentioned that from January it is even possible to take out the full amount of the chocolate and the soft loan, who will build the attic of a family house and thus create a house with an independent entrance.
Notary fees are a long-standing problem with home loans. At a time when the digitization of the financial sector is already in full swing, it is not yet discussed in Hungary how to replace the work of notaries in loans with an automated central digital platform. Instead, last year we were forced to write about increasing notary fees, which made home loans more expensive. It is not yet clear from the current announcement exactly which solution the government will choose to maximize rates.
Cover image: Getty Images
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