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Wednesday | October 28 | 2020

Families in Hungary will receive up to 10.000 USD to renovate their home

The Hungarian government will give up to three million forints ($ 9.693) to each family as help to renovate the house, in order to stimulate the recovery of the economy after the coronavirus pandemic, Reuters reports.

”Families with at least one child will be able to recover half the cost of renovations, up to three million forints,” said Family Minister Katalin Novak.

The aid provided by the state will cover the cost of works to improve the house energy efficiency, to renovate the bathroom or kitchen, and expand the home.

The announcement comes a week after Prime Minister Viktor Orban announced that Hungary would apply a reduced VAT rate of 5% to housing construction projects by the end of 2022.

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