Also, from January 1, the amount on the SZÉP card can be used for home renovation. In practice, this means that expenses related to home renovation can also be covered with the card. This measure can help families renovate their homes with HUF 25 billion.
Not only the SZÉP card, but also pension fund savings become available for use for housing purposes.
This measure makes it possible for pension fund members and their family members to temporarily, for a period of 1 year, use the amounts accumulated in their individual accounts for housing purposes based on their own decision. This can mean the purchase of real estate, the construction and expansion of real estate, as well as its renovation, and it also enables the repayment of a mortgage-based loan. After the government extended it for another two years, so that the discounted 5 percent VAT for newly built apartments will remain in effect in 2025, this will help both buyers and sellers.
In addition, the government regulated the regulation of short-term housing rentals, thus making owners interested in long-term renting, which is expected to reduce the price of subletting. In addition, a dormitory construction program will be launched to ensure adequate accommodation for students in higher education, which will also reduce apartment rents and contribute to cheaper housing for students. In addition, the previous home-building subsidies will remain, so for example young married people can use the baby loan and, under certain conditions, the CSOK.
Source: magyarnemzet.hu
