Annual housing subsidy of HUF 1m for public service workers is on its way

Teachers, police officers, soldiers, nurses, doctors and other civil servants will be able to spend the subsidy on home loan repayments or on paying the down payment on a new home loan.

Prime Minister Viktor Orbán said that an annual housing subsidy of HUF 1m for public service workers is on its way.

Teachers, police officers, soldiers, nurses, doctors and other civil servants will be able to spend the subsidy on home loan repayments or on paying the down payment on a new home loan.

The prime minister said on social media that they will continue working out the details on Wednesday afternoon, and he hopes they will decide on the matter in August.

PM Orbán said public consultations on the Home Start subsidised credit scheme for first-time home buyers have concluded, and the programme has been finalised on Wednesday.

He noted that plans are that the Home Start credit can be combined with the public service workers’ housing subsidy.