How much more for a new apartment besides the 10 million CSOK? – Mortgages and mortgages

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The new housing market is motivated by the demand and supply side of the new state subsidy system.

  • it can stabilize the prices of new homes – this has been sent to Origo by a real estate analyst.
  • the extension of the GFIC may also benefit families living in large cities in rural areas.

The discounted housing loan with a maximum interest rate of HUF 10 million has become available for two children as well.


Places and prices for your own with GFIC

  • In Good Finance 14-15 million HUF own contribution is needed for a 60 sqm new apartment.
  • In Good Lender, the county seat of more than 20 million HUF,
  • In Honest Bank, new homes are expected to cost close to HUF 35 million.

Mortgage’s analysis suggests a more balanced market for new homes as a result of the changes. It examines the market effects of changes in the state aid system and, secondly, we can see from the analysis that

  • “The cost of a 60 m2 new home for families with two children and their own contribution to the state subsidized loan.

The market situation is expected to recover


Sean Cole, a leading financial expert at the portal said: “More people can start buying a new home, because the discounted loan of 10 million HUF will be available for families with two children and the credit limit will increase to 15 million HUF for three children. The supply side can be boosted by the new rules on reduced VAT on housing!

In recent weeks, it has become clear what terms and conditions for reduced-rate housing can be applied after 2019, the option of reduced-rate VAT extended

The expert’s opinion is that besides young people with two children, those who are planning to have at least two children can expect favorable opportunities!

Demand growth will put the condominium builders in competition again, as well as future buyers of new homes, as reduced VAT rates have been extended and supply may continue to grow in the coming years.

According to Sean Cole, “expanding the GFIC is a great opportunity for families living in big cities in the country, because new homes are cheaper than in Honest Bank.”

Those who want to build a family house in a smaller town offering relatively cheap land will also benefit from the change.

There are no specifics about how and what kind of government support would be provided instead of upgrading the LTP used home, but they are working on this form of support based on prior government statements.

Summarizing expert opinion


The exact market effects will be presented when the revised new legislation of the GFIC is officially published, but it is predictable that increasing the preferential loan amount for families with three children and the possibility of a $ 10 million subsidized loan for those families with two children also makes homeowners who have not been able to obtain more favorable home loans at market rates so far.

The assessment of creditworthiness will be carried out in the same way as before, the repayment tranche of fixed and soft loans for 25 years will be lower than that of market-based loans.

All the information about a new family home improvement discount and discounted home loans is available in one place upon request. We answer individual cases, explore the most important practical issues, and help adjust to the new GFIC.

Call our credit broker, fill out the form and we will call you back!

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