File number of Hungarians system property renovation
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Hungarians have company or probable plans to renovate 570,000 properties more than the subsequent 12 months, state information wire MTI reviews citing a quarterly, representative survey by financial investigation institute GKI and building components corporation Masterplast.
The variety is up by 80,000 from Q3 and the maximum because GKI started out conducting the study in 2007.
GKI observed that the government declared ideas in the autumn to subsidize 50 % of household renovation fees – up to HUF 3 million – for family members with just one or much more young children from the start off of 2021. From February, candidates for the subsidies can apply for preferential financial loans to address the other 50 % of their property renovation projects.
In relative phrases, a very little extra than 14% of all households in Hungary could be renovated in 2021. That proportion features shut to 18% of all detached households and close to 10%-12% of flats.
Hungarians with “certain” ideas to renovate account for 3.5% of homes. These who will “probably’ renovate account for 10.6% of the complete.

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