National Economy Minister discusses government measures to ensure affordable housing
Márton Nagy, National Economy Minister, has met with representatives of the biggest property companies in the country and of the construction industry association EVOSZ to discuss government measures to ensure affordable housing.
The ministry said the sides weighed potential state programmes that could pump HUF 20bn-30bn into the local property market to support the development of affordable housing, rental properties and student dormitories.
Minister Nagy said the government would consider a role for state-backed capital funds in supporting the endeavour to ensure affordable housing.
The matter of lowering the VAT rate on home rentals from 27pc to 5pc was also raised.
Minister Nagy said the government was counting on industry players’ active participation in the construction of new homes and rental properties as well as the expansion of dormitory stock. He noted that ten of the 21 measures in the government’s recently unveiled New Economic Policy Action Plan aimed to ensure affordable housing.
Consultations on affordable housing will continue on a regular basis.