August 2024

WHAT IS THE CSOK PLUS?

WHAT IS THE CSOK PLUS? The CSOK Plus is a state-subsidised loan with an interest rate of up to 3 percent.The minimum amount that can be applied for is HUF 2 million, and the maximum amount is determined by the number of children already existing and those to be born in the future. WHAT IS THE AMOUNT OF LOAN YOU CAN APPLY FOR? The CSOK Plus loan is available in amounts of up to HUF 15, 30 or 50...

Real estate market overview (August 2024)

Based on this year's first quarter data, the number of homes sold increased by 36 percent, compared to a 23 percent decline a year earlier. The price of second-hand residential property rose by 5.3 percent and that of new residential property by 4.6 percent compared to the previous quarter, according to the KSH. The pick-up in interest in residential property for sale may reflect the fact that the fall...

A few words about the Home Renovation Grant

- Available from 03.06.2024, it can be applied for until 31.12.2025, but will end earlier if the available budget is exhausted before the deadline. - a total budget of HUF 108 billion is available, from which the state finances grants and interest-free loans - the maximum budget for the investment is HUF 7 million, of which the total home renovation grant plus the co-payment may amount to a maximum of...

Land registry fees increase

Pursuant to the Decree 6/2024 (28.VI.) of the Cabinet of Ministers, the fees for land registry administration will increase by 60% on average from 29 July 2024. The increase will affect anyone who buys or sells property, makes a gift or takes out a loan. The new fees also include fees for online and in-person transactions. However, the good news is that individuals can continue to download the certified...

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