| Quote: | |  | |
| and that would explain rising house prices? | |
| | |
Ex pat Hungarians sending money home
According to Google the price rises are mostly due to the Govt. improving conditions for home loans. Plus a non-refundable subsidy, the family housing allowance (CSOK) became available from July 1, 2015. It can be used for buying new- and used homes, for apartment expansions, and for home construction.
They also lowered VAT on new property from 27% to 5% starting soon which probably explains why the prices have stopped rising